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Prepared for you on Monday, April 6, 2020.

COCOA MAY 20/JUL 20 (ICE:@CC.K20-@CC.N20)

Long-Term Downtrend (-90) - @CC.K20-@CC.N20 is in a strong downtrend that is likely to continue. While @CC.K20-@CC.N20 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid @CC.K20-@CC.N20?

MarketClub looks at technical strength and momentum to determine if the timing is right for @CC.K20-@CC.N20.

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ICE_@CC.K20-@CC.N20
Open High Low @CC.K20-@CC.N20 Price Change
4 8 4 7 +3
Entry Signal

MarketClub’s Trade Triangles for @CC.K20-@CC.N20

long term down The long-term trend has been DOWN since at

intermediate term down The intermediate-term trend has been DOWN since at

short term down The short-term trend has been DOWN since at

Smart Scan Analysis for @CC.K20-@CC.N20

Based on our trend formula, @CC.K20-@CC.N20 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for @CC.K20-@CC.N20
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4 8 4 7 +3
Prev. Close Volume Bid Ask Time
4 1095 6 7 2020-04-06 07:20:23
52wk High2852wk High Date2019-11-12
52wk Low-2352wk Low Date2020-03-19
Expiration2020-05-13
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