Cocoa This/Next Week Price Forecast, Technical Analysis, Market Outlook
(August 10 – 14)
Uptrend
The uptrend may be expected to continue, while market is trading above support level 2442, which will be followed by reaching resistance level 2800.
Downtrend
An downtrend will start as soon, as the market drops below support level 2442, which will be followed by moving down to support level 2205.
Cocoa Long-Term Price Forecast, Technical Analysis, Market Outlook
(Quarter III: July – September, 2020)
Uptrend
The uptrend may be expected to continue, while market is trading above support level 2502, which will be followed by reaching resistance level 2800 and if it keeps on moving up above that level, we may expect the market to reach resistance level 3105.
Downtrend
An downtrend will start as soon, as the market drops below support level 2502, which will be followed by moving down to support level 2075 and if it keeps on moving down below that level, we may expect the market to reach support level 1800.
Cocoa Warehouse Stocks/Inventory, this year with 5 year average
