Future Trend Analysis Report
Prepared for you on Friday, June 9, 2023.
COCOA MAY 2024 (ICE:@CC.K24)
Strong Uptrend (+100) - @CC.K24 is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, @CC.K24 continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid @CC.K24?
MarketClub looks at technical strength and momentum to determine if the timing is right for @CC.K24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for @CC.K24
The long-term trend has been UP since Nov 9th, 2022 at 2445
The intermediate-term trend has been UP since Mar 30th, 2023 at 2697
The short-term trend has been UP since May 18th, 2023 at 2935
Smart Scan Analysis for @CC.K24
Based on our trend formula, @CC.K24 is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||3093||52wk High Date||2023-06-08|
|52wk Low||2186||52wk Low Date||2022-09-26|