Interesting Charts September 18th 2023
Comment of the Day

September 18 2023

Commentary by Eoin Treacy

Interesting Charts September 18th 2023

Eoin Treacy's view

Cocoa – big trends often lose consistency at the penultimate high. Cocoa pulled back sharply for one week in August but recovered and jumped to a new high over the following five weeks. Today’s downward dynamic signals a peak of at least near-term but potential medium-term significance. Downside follow through will be required to confirm the signal.  

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