Future Trend Analysis Report
Prepared for you on Saturday, March 6, 2021.
COCOA DECEMBER 2021 (ICE:@CC.Z21)
Long-Term Uptrend (+90) - @CC.Z21 is in a strong uptrend that is likely to continue. While @CC.Z21 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.Z21?
MarketClub looks at technical strength and momentum to determine if the timing is right for @CC.Z21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for @CC.Z21
The long-term trend has been UP since Nov 24th, 2020 at 2650
The intermediate-term trend has been UP since Feb 24th, 2021 at 2508
The short-term trend has been UP since Feb 22nd, 2021 at 2435
Smart Scan Analysis for @CC.Z21
Based on our trend formula, @CC.Z21 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||2668||52wk High Date||2020-11-24|
|52wk Low||2124||52wk Low Date||2020-07-08|