Saturday, 20 August 2016

Cocoa

My latest bullish signal for Cocoa was on 30 July 2016.Since then price of cocoa rose by 9.31%.This week I got a bearish signal for this commodity based on the number of new short contracts opened(8,551) vs. number of old long contracts closed(2,230).This means the investors sentiment for cocoa is changing from bullish to bearish.Therefore I expect price of cocoa to fall in the coming week(s).Check out my trackrecord2016 file and strategy on my free websites:http://futuresandoptions.wixsite.com/cotswingcharts

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