COCOA overbought, high demand, low supply, but overbought

2024年12月17日

Hi guys, we are going to take a look at a short term correction on the Cocoa, hence it has reacehed very high level in the RSI area, and it is very overbought. Keep in mind that this commodity is very volatile so treat with caution and be careful with your risk management!

Entry: 12,650
Target: 12,039
Stop: 13,080

As always my friends happy trading!

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2024年12月18日

交易结束：到达止损

Stop has been reached, the Cococa is being very volatile, will be re-analysing things to see an additional re-entry! Stay tuned will update you.