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21/1/4 12:44(CET)_Signal UPDATE Cocoa Long from 20/12/17 14:18(CET)_TAKE PROFIT



The signal is closed with an appreciation of over 38% of the investment in the margin.


ORIGINAL TEXT: Cocoa Long. The cocoa contract correction reached 50% Fibonacci retracement. According to analysts, due to rising purchase prices in growing areas, a return to prices of around USD 3,000 per tonne can be expected to return. Technical limit 50% Fib.ret. is a possible border zone in the current development. CAs publish an analysis of price increases, for some customers this may be an averaging strategy.

Chart source: WebTrader


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