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Cocoa Futurescast Articles
Reuters - SOFTS-Cocoa jumps nearly 5 pct, arabica coffee shoots higher By: Hector GalvanApril 24th, 2012 12:22PM CDT "The dollar's down and all the other markets are recovering after yesterday's dip. It's turnaround Tuesday," said Hector Galvan, senior market strategist for RJO Futures senior market strategist in Chicago. He said coffee and cocoa futures were "following the trend higher." To read the full article with Hector's.... Read More |
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Where are the Rivers of Chocolate?? By: Hector GalvanApril 18th, 2012 9:47AM CDT The cocoa market has been plagued most recently by the uncertainty of how much quality cocoa will come to light at the end of the mid crop season. Major producers like Ivory Coast and Ghana have been painting us different pictures of the growing year. Nonetheless, we cannot dispute the numbers that the European Cocoa Association just presented at.... Read More |
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(CC) Cocoa Break Reaffirms Corrective Recovery, Major Bear By: RJO MRTMarch 15th, 2012 8:43AM CDT Technicals, March 15, 2012; 8:10am When a market's chopping around in a range that we suspect is corrective within a broader trend, the best thing to do is be relatively hands-off and not try to navigate every little movement within that range until the market makes a more definitive move that defines a more objective shorter-term risk paramet.... Read More |
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Bloomberg - Cocoa Jumps on Ivory Coast Supply Concern: Commodities at Close By: Hector GalvanMarch 9th, 2012 8:42AM CST Soro’s resignation “in conjunction with the outside markets like the weak dollar and strong equities help propel cocoa higher,” Hector Galvan, a senior broker at RJO Futures in Chicago, said in an e-mail. To read the full article with Hector's comments, please go to Bloomberg.com. |
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Cocoa - World Production Deficit Ahead! By: RJO Futures Market AlertFebruary 28th, 2012 2:08PM CST The R.J. O’Brien Special Cocoa Report “Cocoa – World Production Deficit Ahead!” is now available on www.rjobrien.com. *** ***This report is available exclusively RJO clients and requires an account login. To find out how to open an account with RJO Futures simply go to our website www.rjofutures.com and click on “O.... Read More |
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(CC) Major Cocoa Bear Looking to Resume By: RJO MRTFebruary 10th, 2012 12:38PM CST Technicals, February 10, 2012; 9:09am Yesterday and this morning's break below 02-Feb's initial relapse low of 2210 detailed in the 240-min chart below reaffirms at least the intermediate-term trend as down. This former 2210-area support is considered new near-term resistance ahead of further and possibly steep losses straight away. And .... Read More |
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Bloomberg - Cocoa Jumps Most Since October 2009 in N.Y.; Sugar, Coffee Gain By: Hector GalvanJanuary 10th, 2012 8:29AM CST “Whenever you see a country being immobilized, you run the risk of exports not moving at all,” Hector Galvan, a senior commodities broker at RJO Futures in Chicago, said in a telephone interview. “Nigeria is not Ivory Coast, but when all is said and done, it’s one of the top producers.” To read the full article go to .... Read More |
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Business Recorder: Cocoa soars after Olam deficit report By: Hector GalvanDecember 13th, 2011 1:33PM CST "People who have been holding contracts for a very long time, likely, are just pulling the plug," said Hector Galvan, senior market strategist for brokerage RJO Futures in Chicago. See full article at brecorder.com. |
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(CC) Cocoa Relapse Resurrects Long-Term Bearish Considerations By: RJO MRTNovember 10th, 2011 8:24AM CST Technicals, November 10, 2011; 7:50am While the market has yet to break 18-Oct's pivotal 2523 low detailed in the 240-min chart below, we believe the extent of this week's relapse increases the odds that late-Oct's recovery attempt is merely part of a corrective process that will ultimately yield to broader bearish pressures that coul.... Read More |
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Bloomberg - Cocoa Futures Rise as Demand by Processors Climbs; Sugar Drops By: Hector GalvanOctober 26th, 2011 3:22PM CDT “Cocoa has been down so much this year, but there’s still demand,” Hector Galvan, a senior trading adviser at RJO Futures in Chicago, said in a telephone interview. “End-users are buying it up at these prices.” Click here for the complete Bloomberg article. |
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Cocoa Futures Bottoming Out By: Hector GalvanOctober 26th, 2011 1:36PM CDT Cocoa this morning is holding positive numbers even as the outside markets are weakening. Some may be curious why cocoa seems untouched by the sudden drop in other commodities. Cocoa is trying to hold above water after the decline that began on the 6th of September which took prices down as low as 2523. It can be argued that we have found a bottom .... Read More |
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(CC) Play for Cocoa Bottom, Reversal with Dec Call Butterfly By: RJO MRTOctober 13th, 2011 9:32AM CDT Trade Strategies, October 13, 2011; 8:05am The past week's recovering behavior detailed in the 240-min chart could be the early stages of a broader base/reversal environment as, among other factors, it exposes 04-Oct's 2540 low as the possible end to a textbook-looking 5-wave Elliott Wave sequence from 24-Aug's 3150 high. Near-term s.... Read More |
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Are Cocoa Futures Going to Rebound? By: Peter MoosesSeptember 23rd, 2011 11:30AM CDT December cocoa traded at a new contract low and is attempting to rebound off that. With a close below the 9-day moving average the short-term still looks negative. The cocoa futures market remains oversold with a RSI under 20. Areas of resistance are around 2728 and 2771 with support at 2632 and 2580. Global economic issues as well as a weaker Brit.... Read More |
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Playing Technicals in the Cocoa Futures Market By: William MooreSeptember 14th, 2011 9:01AM CDT While fundamental research in the cocoa market is showing a mix of bullish and bearish factors, key technical analysis could prove profitable for day traders in the coming weeks. From a fundamental side, record crop numbers out of western Africa indicate a bearish trend in prices. This is being countered by a weekend dollar and an expectation of a .... Read More |
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Cocoa Update By: Peter MoosesAugust 5th, 2011 10:47AM CDT September cocoa (ICCU1) opened at 2895 today, we saw the high break 3000 for the first time this week. Commodities across the board continue to be weak under outside market pressure. September cocoa has been down six straight days and is touching lows we haven't seen since June. The fluctuations in the currency market have had a negative effect.... Read More |
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(CC) Pure Risk/Reward "Buy" Building in Cocoa; Buy At-Market By: RJO MRTJuly 26th, 2011 9:16AM CDT Trade Strategies, July 26, 2011; 7:40am While it falls well within the bounds of possibility that Mar's 3775 high completed the 5th-Wave of an absolutely major Elliott Wave sequence from Jul'04's 1299 low shown in the monthly log chart below, a number of factors exist that suggest Mar-Jun's sell-off attempt is merely corrective wit.... Read More |
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