Future Trend Analysis Report
Prepared for you on Wednesday, January 20, 2021.
COCOA MAY 2021 (ICE:@CC.K21)
Bull Market Weakness (+75) - @CC.K21 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on @CC.K21 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid @CC.K21?
MarketClub looks at technical strength and momentum to determine if the timing is right for @CC.K21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for @CC.K21
The long-term trend has been UP since Nov 20th, 2020 at 2680
The intermediate-term trend has been DOWN since Dec 16th, 2020 at 2487
The short-term trend has been UP since Jan 15th, 2021 at 2502
Smart Scan Analysis for @CC.K21
Based on our trend formula, @CC.K21 is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||2761||52wk High Date||2020-11-24|
|52wk Low||2122||52wk Low Date||2020-07-08|