Future Trend Analysis Report
Prepared for you on Wednesday, December 8, 2021.
COCOA JULY 2023 (NYMEX:QCJ.N23)
Countertrend Up (+85) - QCJ.N23 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 QCJ.N23?
MarketClub looks at technical strength and momentum to determine if the timing is right for QCJ.N23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QCJ.N23
The long-term trend has been UP since Aug 3rd, 2021 at 2471
The intermediate-term trend has been UP since Aug 3rd, 2021 at 2471
The short-term trend has been UP since Oct 5th, 2021 at 2575
Smart Scan Analysis for QCJ.N23
Based on our trend formula, QCJ.N23 is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).