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Technical Analysis #C-COCOA : 2015-12-17

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 17, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Brazil to increase cocoa export Brazil has increased volume of cocoa delivered to the depots for further export since May 1 to December 13, 2015 by 3%, or about 5 thousand tonnes, compared to the same period of last year. Will the downward correction continue? Since the start of the year cocoa has gained around 15% in price amid the agricultural brokers forecasts of its global deficit. The deficit may appear for the first time in 3 agricultural seasons. Indeed, ECOM Agrotrade expects the

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