Future Trend Analysis Report
Prepared for you on Wednesday, June 16, 2021.
COCOA SEPTEMBER 2022 (ICE:@CC.U22)
Sidelines Mode (-50) - @CC.U22 is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until @CC.U22 can gain momentum.
Is it time to buy, sell, or avoid @CC.U22?
MarketClub looks at technical strength and momentum to determine if the timing is right for @CC.U22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for @CC.U22
The long-term trend has been UP since Nov 18th, 2020 at 2470
The intermediate-term trend has been DOWN since Jun 7th, 2021 at 2457
The short-term trend has been DOWN since Jun 3rd, 2021 at 2478
Smart Scan Analysis for @CC.U22
Based on our trend formula, @CC.U22 is rated as a -50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||2613||52wk High Date||2021-05-17|
|52wk Low||2287||52wk Low Date||2020-11-02|