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Future Trend Analysis Report
Prepared for you on Tuesday, May 7, 2024.
COCOA JULY 2024 (ICE:@CC.N24)
Sidelines Mode (+55) - @CC.N24 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid @CC.N24?
MarketClub looks at technical strength and momentum to determine if the timing is right for @CC.N24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for @CC.N24
The long-term trend has been UP since Nov 10th, 2022 at 2444
The intermediate-term trend has been DOWN since Apr 29th, 2024 at 9250
The short-term trend has been UP since May 7th, 2024 at 8260
Smart Scan Analysis for @CC.N24
Based on our trend formula, @CC.N24 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7527 | 8688 | 7407 | 8610 | +1022 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7588 | 14332 | 2024-05-07 13:29:55 |
| Volatility | 64.08 |