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Technical Analysis #C-COCOA : 2016-03-22

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 22, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Weather improves in West Africa Rains covered West African state of Côte d'Ivoire and cocoa crops may benefit from it. Côte d'Ivoire accounts for 35% of cocoa and another 24% are produced in the neighbouring Ghana. Will the improved weather conditions push cocoa prices down? Cocoa prices advanced almost 14% since early February on dry weather. At the same time, the volume of cocoa shippings from Côte d'Ivoire fell only 0.7% to 1,226mln tonnes since October 1, 2015 to March 20, 2016, compared to

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