Future Trend Analysis Report
Prepared for you on Friday, September 22, 2023.
COCOA DECEMBER 2023 (NYMEX:QCJ.Z23)
Bear Market Rally (-75) - QCJ.Z23 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on QCJ.Z23 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid QCJ.Z23?
MarketClub looks at technical strength and momentum to determine if the timing is right for QCJ.Z23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QCJ.Z23
The long-term trend has been DOWN since at
The intermediate-term trend has been DOWN since at
The short-term trend has been DOWN since at
Smart Scan Analysis for QCJ.Z23
Based on our trend formula, QCJ.Z23 is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).