Edition 12 | #Cocoa

COCOA (CC)
– Investment Strategy LONG
– Bull spread CCH19-CCK19

Cocoa is low and reached an interesting support about 2,000. I expect even lower price and then there will be a great potential for a bullish mood in the market. Bull spread CCH19-CCK19 offers high RRR of 1:3. 


Historical


Historical chart on TradingView.com


CCH19-CCK19 – Bull spread


COT analysis


Seasonality


Seasonality averages


Trade management
Enter:    -15,0

SL:         -20,0 ($50/contract) 
PT:            0,0 ($150/contract)

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