skip to Main Content
Cocoa Moves Back Over $2000 Per Ton, But It Looks Like It Is Preparing To Fail Again

Cocoa Moves Back Over $2000 Per Ton, But It Looks Like It Is Preparing To Fail Again

August 2, 2017

Cocoa has looked great when it rallies above $2000 per ton and lousy when it dips below that level. In my latest piece for Seeking Alpha, I explain why supply, demand, weather, and moves in the currency market could mean that cocoa will continue to trade in a range from $1800-$2100 per ton and why a breakout to the upside or downside is not imminent in the soft commodity market at this time and perhaps for the rest of 2017.

Article: Cocoa Moves Back Over $2000 Per Ton, But It Looks Like It Is Preparing To Fail Again

Nothing on this site should ever be considered to be advice, research or an invitation to buy or sell any securities

Leave a Reply

Back To Top