Cocoa's overall trend, revealed by trends of price, leverage, and time, are defined in the Matrix for subscribers.
I have long said Cocoa is next. How close, and should everyone be watching it?
The answer to the second part is yes. Cocoa's moving through the Evolution of the Trade is universal. We've seen setup like this in Palladium, corn, silver - every market tracked int the Matrix. It's simply a matter of recognition, and knowing it's just Cocoa's turn.
Cocoa's turn will also generate another round of opportunity costs. Opportunity costs represent the "price" of pushing/forcing our favorites, often lower probability positions such gold, soybeans, cotton, etc. rather than recognizing and establishing higher probability ones when they arise. Cocoa will likely be a higher probability position before the end of the year.
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