Short Sep Cocoa @ 3350; Stop 3450, take profit 3150
Reasons:
RSI and Stochastik Divergence
COT report specs approaching max long position
Overbought on Bollinger Band
Fundamental
Cocoa grind report bearish (released by ICE US on 7/16/2015)
Reasons:
RSI and Stochastik Divergence
COT report specs approaching max long position
Overbought on Bollinger Band
Fundamental
Cocoa grind report bearish (released by ICE US on 7/16/2015)
