NSRGF - Are The Bears Still In Charge Of Cocoa?
Cocoa (NIB) has been the best performing commodity in the first quarter of 2018. However, now Cocoa would be lucky to retain the tenth spot for the rest of the year. This is due to weaker grinding levels and higher confectionary demand costs. Moreover, the selling patterns of the commodity have been rather erratic over the past couple of weeks. Due to this, I believe the commodity is all set for a downswing which shall result in it entering the range between $1,721 to $1,904. To ascertain the likelihood of this occurring, I