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Prepared for you on Monday, August 15, 2022.

COCOA SEP 23/MAY 24 (NYMEX:QCJ.U23-QCJ.K24)

Long-Term Downtrend (-90) - QCJ.U23-QCJ.K24 is in a strong downtrend that is likely to continue. While QCJ.U23-QCJ.K24 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 QCJ.U23-QCJ.K24?

MarketClub looks at technical strength and momentum to determine if the timing is right for QCJ.U23-QCJ.K24.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYMEX_QCJ.U23-QCJ.K24
Open High Low QCJ.U23-QCJ.K24 Price Change
23 23 23 23 0
Entry Signal

MarketClub’s Trade Triangles for QCJ.U23-QCJ.K24

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 QCJ.U23-QCJ.K24

Based on our trend formula, QCJ.U23-QCJ.K24 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for QCJ.U23-QCJ.K24
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
23 23 23 23 0
Prev. Close Volume Bid Ask Time
28 0 2022-08-11 00:00:00
Expiration2023-08-17
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