Cocoa declines in pattern

Note: This section contains information in English only.
Source: Dukascopy Bank SA


Recent cocoa price fluctuations have revealed that the commodity price has been declining in a channel down pattern. Meanwhile, the price was respecting both resistance and support of the 200-day simple moving average.

If the commodity price continues to decline in the pattern's borders, the price might find support in the November low level at 2,340.00. Further below, note the 2,235.00 low level of July.

Meanwhile, a potential surge would have to pass the resistance of the 50 and 200-day simple moving averages at 2,500.00 and the upper trend line of the channel down pattern.
Back to articles

Actual Topics

Mon, 20 Dec 2021 12:14:12 GMT

Netflix approaches low level

The price for Netflix encountered resistance in the 700.00 mark in October and November. The resistance eventually held and a decline started. By the middle of December, the stock price had almost reached the September low level zone at 569.00/576.00. Meanwhile, the support zone was being approached by the 200-day simple moving average. In the case that the stock price

Fri, 17 Dec 2021 09:24:02 GMT

Air France stock looks for support

The stock price of Air France in December bounced off the resistance of the 50-day simple moving average and approached the 2021 low level zone at 3.6225/3.3825. Meanwhile, the 50-day simple moving average was located at 4.0640. In the case that the price passes the support zone, the price could look for support in round price levels as the 3.5000

Subscribe to "Fundamental Analysis" feed

Subscribe
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
For further information regarding potential cooperation,
please call us or make callback request.
Aby dowiedzieć się więcej o Opcjach Binarnych w Banku Dukascopy / platformach handlowych Forex, SWFX, oraz innych,
zadzwoń do nas lub pozostaw prośbę o oddzwonienie.
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.