Comments on: Cocoa Trade Idea 11-1-21 https://rightsideofthechart.com/cocoa-trade-idea-11-1-21/ Stock Trading, Investing & Market Analysis Mon, 01 Nov 2021 16:45:14 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: becky https://rightsideofthechart.com/cocoa-trade-idea-11-1-21/#comment-22666 Mon, 01 Nov 2021 16:45:14 +0000 https://rightsideofthechart.com/?p=206676#comment-22666 Another interesting commodity – iron ore. Weekly hit the long term TL, similar to Aluminum which also hit a long term up TL. Futures weekly (/TIO) + couple of iron ore miners.

]]> By: rsotc https://rightsideofthechart.com/cocoa-trade-idea-11-1-21/#comment-22665 Mon, 01 Nov 2021 16:10:29 +0000 https://rightsideofthechart.com/?p=206676#comment-22665 In reply to becky.

Congrats! The inflation/commodities trade/bull market remains solidly intact. While I can’t make a screaming case to go long here at support on both NIB & /CC (but a decent one, nonetheless), buying pullbacks to support, especially with divergences in place is a solid strategy within a bull market. If NIB falls to rally off this support, a drop to that primary uptrend (blue) line off the early 2017 lows would be the next objective long entry.

]]> By: becky https://rightsideofthechart.com/cocoa-trade-idea-11-1-21/#comment-22664 Mon, 01 Nov 2021 15:49:34 +0000 https://rightsideofthechart.com/?p=206676#comment-22664 Been selling puts/buying calls on $NIB. Great vehicle for trading. Recently was assigned $NIB at $31.25. Added to position today. I think that Cocoa is pending the second leg higher, which should take us to the top of the range (around 3000). Also note that DBA made a new high today, commodities are rallying. I think Cocoa is poised to move higher too.

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