%% OK\ i cut mine[dilute, cut demand to the max LOL] with whole grains. barchart.com $till has100% long term buy\ but52 week Hi\10,080 . But in fairness \ choc KEEPS a long time \ much longer than expiry date\ + 50day parabolic time price is ''weakest'' May not slam the bulls+ PTP-PSAR is not my favoite indicator ; but it could slam bulls after Easter/good Friday week end. Choc rabbits go on sale\max. WMT any way\ started using a lot of semi trucks for storage; not so with DG,DLTR
Just hit 10K for the first time per metric ton: https://www.cnbc.com/2024/03/26/coc...are|com.apple.UIKit.activity.CopyToPasteboard
Which is pretty much the same thing as saying "this time it's different" by the delusional bulls. But I'm slowly coming to the conclusion that they both might be right.
There's a real disconnect between the chart and the underlying macro. I'm beginning to believe the problem is a lot more dire than we're told and, obviously, what we see on the chart is not an accurate reflection of what's happening on the ground.
We are in disagreement. Considering the season for chocolate we are in, plus the Baltimore port thingy...Plus the history? Shorting Cocao now seems the most prudent choice.
You would be better off clipping Hershey's coupons. $10k doesn't mean crap if there's no cocoa to ship. As I said above, I think the problem is much more grave than what we're hearing in the news.
I would normally say put your money where your Hershey's Kiss is, but I am not trading ATM, and have never traded cocoa futures. My "bet" is that cocoa is going to see a precipitous fall within the next 4 months.