Future Trend Analysis Report
Prepared for you on Monday, May 23, 2022.
COCOA DECEMBER 2022 (ICE:@CC.Z22)
Bear Market Rally (-75) - @CC.Z22 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on @CC.Z22 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid @CC.Z22?
MarketClub looks at technical strength and momentum to determine if the timing is right for @CC.Z22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for @CC.Z22
The long-term trend has been DOWN since May 6th, 2022 at 2517
The intermediate-term trend has been DOWN since Apr 19th, 2022 at 2598
The short-term trend has been UP since May 17th, 2022 at 2526
Smart Scan Analysis for @CC.Z22
Based on our trend formula, @CC.Z22 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||2817||52wk High Date||2022-02-10|
|52wk Low||2370||52wk Low Date||2021-07-20|