Cacao Analisi Tecnica | Cacao Trading: 2021-06-29 | IFCM Italy
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Cacao Analisi Tecnica - Cacao Trading: 2021-06-29

Cacao Technical Analysis Summary

Neutro
SellBuy
Forte Di VendereForte Acquistare

Sotto 2337

Sell Stop

Sopra 2413

Stop Loss

Ara Zohrabian
Ara Zohrabian
Senior Analyst
Articoli2785
IndicatorSignal
RSI Neutro
MACD Buy
Donchian Channel Sell
MA(200) Sell
Fractals Sell
Parabolic SAR Sell

Cacao Chart Analysis

Cacao Chart Analysis

Cacao Analisi Tecnica

The #C-COCOA technical analysis of the price chart on daily timeframe shows #C-COCOA,Daily is retreating under the 200-period moving average MA(200) which is declining itself. We believe the bearish momentum will continue after the price breaches below the lower Donchian boundary at 2337. This level can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 2413. After placing the pending order the stop loss is to be moved every day to the next fractal high, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop-loss level (2413) without reaching the order (2337) we recommend cancelling the order: the market sustains internal changes which were not taken into account.

Analisi Fondamentale Materie Prime - Cacao

Ghana’s record crop is weighing on price. Will the cocoa price slide continue?

Ghana farmers harvested 965,493 metric tons by June 3, compared with a target of 900,000 tons for the whole crop year that ends in September, according to Bloomberg. It is the biggest cocoa harvest in a decade for the world’s second largest cocoa producer. This places Ghana easily within the reach of the 1 million-ton mark, which was last attained in 2010-11. Expectations of higher cocoa supplies is bearish for cocoa prices.

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Questa panormaica è di carattere informativo-educativo e viene pubblicata gratuitamente. Tutti i dati compresi nella panoramica sono ottenuti da fonti pubbliche conosciute più o meno affidabili. Inoltre non c'è alcuna garanzia che le informazioni fornite siano precise e complete. Le panoramiche non vengono aggiornate. Tutta l'informazione in ciascuna panoramica, compresi indicatori, opinioni, grafici e o quant'altro, è fornita a scopo conoscitivo e non è un consiglio finanziario. Tutto il testo e qualsiasi delle sue parti, e anche i grafici non possono essere considerati un'offerta per effettuare un'operazione con un qualsiasi asset. IFC Markets e i suoi impiegati in alcun caso non sono responsabili per qualsiasi azione intrapresa sulla base delle informazioni contenute.

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