Future Trend Analysis Report
Prepared for you on Thursday, December 7, 2023.
COCOA DECEMBER 2024 (ICE:@CC.Z24)
Countertrend Up (+85) - @CC.Z24 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.Z24?
MarketClub looks at technical strength and momentum to determine if the timing is right for @CC.Z24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for @CC.Z24
The long-term trend has been UP since Feb 16th, 2023 at 2560
The intermediate-term trend has been UP since Oct 17th, 2023 at 3439
The short-term trend has been UP since Oct 6th, 2023 at 3379
Smart Scan Analysis for @CC.Z24
Based on our trend formula, @CC.Z24 is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||4004||52wk High Date||2023-11-29|
|52wk Low||2475||52wk Low Date||2023-01-20|