Sunday 6 March 2016

Cocoa

My last bullish signal for cocoa was on 16 January 2016.Since then cocoa went up 3.5 %.In the last 2 weeks I got a bearish signal for this commodity based on the net number of new short contracts opened(10,076) vs net number of new long contracts opened(1,988).This means the net number of new short contracts opened for cocoa outnumbered the net number of new long contracts opened by more than 5 to 1.This is bearish and I expect price of cocoa to go down in the next days/weeks.Check my trackrecord2016 file and strategy on my free websites:http://futuresandoptions.wix.com/cotswingcharts and
http://cotreportfreeswingcharts.my-free.website/

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