My last bearish signal for Cocoa was on 6 March 2016.Since then price of Cocoa dropped by 3.19 %.This week I got a bullish signal for Cocoa based on the total number of old short contracts closed(8,546) vs net number of new long contracts opened(2,062) in the last 2 weeks.Moreover I got a Pearson correlation coefficient(PCC) = -0.99 for this commodity in the last 3 weeks and this means a very fast rise in the bullish sentiment vs very fast drop in the bearish sentiment.As result of this I expect price of cocoa to rise in the coming days/weeks.Check out my strategy and trackrecord2016 file on my free websites:
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