Are Cocoa Prices Bottoming ?

10 Mar in Blog, Cocoa futures, coffee futures, commodity trading, cotton futures, Mike Seery, orange juice futures, seeryfutures, sugar futures

Cocoa Futures--- Cocoa futures in the May contract settled last Friday at 19.55 while currently trading at 19.23 continuing its bearish momentum still right near a 9 year low, however prices might be bottoming out as the chart structure is outstanding at the present time as the 10 day high now stands at 19.81 as prices basically have gone sideways over the last 4 weeks.

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