Here is my March Cocoa futures trade signal alert for Jan 19th only. Buy stop entry signal above 2011 and first stop loss below 1972. If filled on a signal then each day I will move my protective stops to limit losses until I exit the position. I do not update my stop loss orders.
Cocoa (CC) surged over 3% yesterday, closing just shy of the psychologically key 2000 whole figure level. CC’s bounce off the major 1800-1900 support zone is gathering steam with CC now forming the 3rd green weekly candle in the last 4 weeks. Once CC breaks above 2000, the next key target over the next week or so will be the May/June/July highs….https://www.insidefutures.com/article/2112291/Cocoa%20(CC)%20Testing%20Key%202000%20Level.html
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This information is provided for informational and educational purposes only and is not a recommendation to buy or sell any futures contract. Here’s the chart which is provided by Barchart.com