Following the recent divergent low on the 120-minute chart below, /CC (cocoa futures) recently broke out & backtested this minor downtrend line with the next buy signals to come on a solid break above 6065 & bullish crossover on the daily PPO. 120-minute & daily chart (highlighting the price action following the previous low-level PPO bullish crossovers) below:
CC 120m Oct 16th
CC daily Oct 16th
ETF & ETN traders: To the best of my knowledge, there are no longer any ETP’s that track cocoa futures after NIB (cocoa ETN) was discontinued by the issuer due to lack of interest, along with several other commodity tracking ETNs a few years ago, right after the trough of the 12-year bear market in commodities that ended in early 2020.