It’s Valentines Day so don’t forget to buy chocolate. It’s got to be fricken cheap! How much lower can it go? WTF!
This monthly (May contract) chart is showing a serious move. WOW! I’m focusing on May cause the March is coming to an end and rolling will be taking effect soon. Does anyone dare take this long here..? Look at the opinions.
“Oh the humanity!”
The funds tend to never be short cocoa. The only other time was in 2012! and they don’t seem to like being short.
This reminds me of when cattle futures got so far below value that the snap back “rips your head off”.
Some news are saying, “The beans are piling up at ports” like the shit piles left behind from the bulls.