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KaibaraYuzan

$CC_F COCOA weekly rejects 200MA, 50MA, 13MA

Cocoa Futures (ICEUS:CC1!)  
KaibaraYuzan  
ICEUS:CC1!   Cocoa Futures
Trend Analysis cocoa
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trendanalysis cocoa
Cocoa has been up since March, and this week it tried to break out of three MAs(13, 50, 200) and failed.
In the ST, it is not bullish.

But when you look at the COT positions, Money Managers are net short(long 42%, short 58%).
This is constructive.

It could retest Lower TL again, or go straight up.
Aviso legal

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