Future Trend Analysis Report
Prepared for you on Wednesday, June 16, 2021.
COCOA JULY 2022 (ICE:@CC.N22)
Bull Market Weakness (+75) - @CC.N22 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on @CC.N22 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid @CC.N22?
MarketClub looks at technical strength and momentum to determine if the timing is right for @CC.N22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for @CC.N22
The long-term trend has been UP since Nov 24th, 2020 at 2626
The intermediate-term trend has been DOWN since Jun 7th, 2021 at 2457
The short-term trend has been UP since Jun 10th, 2021 at 2482
Smart Scan Analysis for @CC.N22
Based on our trend formula, @CC.N22 is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||2609||52wk High Date||2021-05-17|
|52wk Low||2275||52wk Low Date||2020-11-02|