Cocoa is finally reaching the level scored first in late September 2014 and later in mid July 2015.Our impression, however, is that the current rally is gradually running out of steam. Maybe it won't even be able to reach level 3400. It will stop sooner. In this video we discuss the reasons that lead us to consider a bearish trade on cocoa.
Enjoy, and in the meanwhile remember this isn't a trade solicitation. Should you decide to trade, you'd do it under your own responsibility.