Future Trend Analysis Report
Prepared for you on Thursday, November 30, 2023.
COCOA SEPTEMBER 2024 (ICE:@CC.U24)
Countertrend Up (+85) - @CC.U24 is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid @CC.U24?
MarketClub looks at technical strength and momentum to determine if the timing is right for @CC.U24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for @CC.U24
The long-term trend has been UP since Oct 5th, 2022 at 2274
The intermediate-term trend has been UP since Oct 18th, 2023 at 3447
The short-term trend has been UP since Oct 18th, 2023 at 3431
Smart Scan Analysis for @CC.U24
Based on our trend formula, @CC.U24 is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||4146||52wk High Date||2023-11-30|
|52wk Low||2218||52wk Low Date||2022-10-12|