Hot Cocoa This Winter?

by Archer Financial Services | Oct 03, 2018
By Blake Robben
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Cocoa prices continued its eight and a half month decline pressured by bearish news from both the supply and demand sides of the market. The trade is focused on West African weather as recent rains have been beneficial to the crop However, too much rain could lead to mold on harvested cocoa beans, which may lead to the spread of black pod disease. This is a fundamental development worth watching.  Let’s chart recent price action to get a technical perspective.

December 18 Cocoa Futures - Daily

Cocoa Futures Chart

​Please contact me for any assistance you may need. Good trading and thank you!
Phone: 312.242.7990 
Email: Blake.Robben@archerfinancials.com

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