CHOC Chocolate commodity fund key bear trap? I
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Posted On: 05/01/2017 9:01:11 PM
CHOC Chocolate commodity fund key bear trap?
I may dabble now in CHOC for a medium term trade. IMO we just had a key "bear trap".
This is all feeling good for food commodities in general. Coffee had a bear trap as well and now a double bottom? WEAT up 5% today.
Cocoa Producers Crying In Their Hot Chocolate - Consumers Could Follow Seeking Alph a
Summary
A bear market in cocoa started last summer.
We're seeing the lowest price since 2008 and a bounce.
The selling resumes.
We're seeing new lows and a marginal bounce.
Producers will suffer, and that could hurt consumers in the long run.
H
https://seekingalpha.com/article/4066941-coco...ers-follow
CHOC stock>>>>
http://stockcharts.com/h-sc/ui?s=CROC&p=D...9268734725
Coffee stock(JO)
http://stockcharts.com/h-sc/ui?s=JO&p=D&a...6921111495
I may dabble now in CHOC for a medium term trade. IMO we just had a key "bear trap".
This is all feeling good for food commodities in general. Coffee had a bear trap as well and now a double bottom? WEAT up 5% today.
Cocoa Producers Crying In Their Hot Chocolate - Consumers Could Follow Seeking Alph a
Summary
A bear market in cocoa started last summer.
We're seeing the lowest price since 2008 and a bounce.
The selling resumes.
We're seeing new lows and a marginal bounce.
Producers will suffer, and that could hurt consumers in the long run.
H
https://seekingalpha.com/article/4066941-coco...ers-follow
CHOC stock>>>>
http://stockcharts.com/h-sc/ui?s=CROC&p=D...9268734725
Coffee stock(JO)
http://stockcharts.com/h-sc/ui?s=JO&p=D&a...6921111495
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