SIGNAL TERMINATION – COCOA LONG – TAKE PROFIT
ORIGINAL TEXT: Cocoa Long. Technically, the cocoa market found strong support at around $ 2,400 per tonne. Over the last three weeks, the price of resistance has fallen to a double peak around $ 2,700 per tonne. Dry weather in Africa is likely to reduce crops by up to about 90,000 compared to last year. It may sound strange, but in growing areas, various military conflicts and political instability are almost the order of the day, and there is a certain likelihood of disruption of transit routes to ports. The popularity of chocolates with a higher cocoa content is rising worldwide, and with it the higher consumption of cocoa.