Future Trend Analysis Report
Prepared for you on Tuesday, December 7, 2021.
COCOA SEPTEMBER 2023 (ICE:@CC.U23)
Long-Term Downtrend (-90) - @CC.U23 is in a strong downtrend that is likely to continue. While @CC.U23 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.U23?
MarketClub looks at technical strength and momentum to determine if the timing is right for @CC.U23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for @CC.U23
The long-term trend has been DOWN since Oct 13th, 2021 at 2566
The intermediate-term trend has been DOWN since Oct 13th, 2021 at 2566
The short-term trend has been DOWN since Oct 22nd, 2021 at 2560
Smart Scan Analysis for @CC.U23
Based on our trend formula, @CC.U23 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||2574||52wk High Date||2021-10-22|
|52wk Low||2380||52wk Low Date||2021-12-01|