Cocoa

 

CCN7-5.png

Without question, cocoa is the most bearish commodity within the entire commodity universe.  The market is trading near its lowest level in 10 years.  Eventually, the market could easily fall to the 1380 level if it generates a monthly close below 1756.  I am a seller of CCN7 @ 1805.  www.ReiterInvest.com 

Author: reiterdave

Dave Reiter is a proprietary trader of stocks & commodities. Dave’s trading career began in 1989. He is the managing member of Reiter Capital Investments LLC, a prop trading firm located in Muenster, TX. Dave has a passion for teaching others how to become successful traders. He is one of the few people in the financial publishing industry who trades real-time with real money. Dave releases all of his personal trades on a daily basis through his investment newsletter. Dave’s website is www.ReiterInvest.com. His Twitter address is @TradesByDave.

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