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Tuesday, 26 January 2016 12:04

Some like it cocoa - Bullish set up on Cocoa Futures

Several setups suggest that Cocoa March 2016 Futures might have reached a bottom and could be ready to reverse.

cocoa chart january 2016 trading for purpose

Volume Spread Analysis

A stopping volume is after a selling climax: according to the Volume Spread Analysis, we are facing signs of a reversal. In addition we could say that yesterday candle is a 'no supply' with possible bullish implications.

cocoa vsa selling climax stopping volume no supply trading for purpose

Commitment of Traders

If we look at the COT Index, the commercials bullish stance could confirm our guess.

cocoa cot bullish trading for purpose

The price could even decrease slightly, but the setups we have lead us to expect a bullish trend.
«Well, nobody's perfect». Therefore, remember: this is not a trade solicitation and, if you decide to trade, you do it at your own responsibility.

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