Future Trend Analysis Report
Prepared for you on Sunday, May 28, 2023.
COCOA DECEMBER 2023 (ICE:@CC.Z23)
Long-Term Uptrend (+90) - @CC.Z23 is in a strong uptrend that is likely to continue. While @CC.Z23 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.Z23?
MarketClub looks at technical strength and momentum to determine if the timing is right for @CC.Z23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for @CC.Z23
The long-term trend has been UP since Nov 10th, 2022 at 2483
The intermediate-term trend has been UP since Mar 27th, 2023 at 2771
The short-term trend has been UP since May 22nd, 2023 at 3067
Smart Scan Analysis for @CC.Z23
Based on our trend formula, @CC.Z23 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||3071||52wk High Date||2023-05-22|
|52wk Low||2195||52wk Low Date||2022-09-26|