STOP LOSS CHANGE – COCOA SHORT
Today, CA analysts are shifting the stoploss of the short analysis for cocoa to positive numbers from 2435 to 2370. This makes the locking of the open profit about 20% of the investment. And they still assume another short analysis.
ORIGINAL TEXT: Cocoa Short. Cocoa follows half-monthly trends. The current downward trend is bounded by a resistance line, which forms a natural boundary for the next possible rise. The current above-average upward movement is the last move of long speculators. CA analysts believe that the situation in Ghana and Côte d’Ivoire will further weaken the market.
Graph source: WebTrader