Spread Trend Analysis Report
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.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for @CC.K20-@CC.N20
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 @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).
|52wk High||28||52wk High Date||2019-11-12|
|52wk Low||-23||52wk Low Date||2020-03-19|