The /CC (cocoa futures) long trade is approaching T1 where active traders could book quick profits and/or raise stops if holding out for additional gains. Keep in mind these are unadjusted prices targets (actual resistance levels where reactions are likely) so best to set your sell limit order(s) slightly below those levels in case the sellers step in early. Previous (yesterday’s) and today’s updated 60-minute charts below.
/CC NIB Cocoa Approaching T1
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