Future Trend Analysis Report
Prepared for you on Thursday, February 20, 2020.
COCOA MAY 2020 (ICE:@CC.K20)
Long-Term Uptrend (+90) - @CC.K20 is in a strong uptrend that is likely to continue. While @CC.K20 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid @CC.K20?
MarketClub looks at technical strength and momentum to determine if the timing is right for @CC.K20.
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
The long-term trend has been UP since Nov 12th, 2019 at 2565
The intermediate-term trend has been UP since Jan 14th, 2020 at 2547
The short-term trend has been UP since Jan 30th, 2020 at 2798
Smart Scan Analysis for @CC.K20
Based on our trend formula, @CC.K20 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||2935||52wk High Date||2020-02-07|
|52wk Low||2115||52wk Low Date||2018-10-01|