Cocoa Weekly Opportunity

Cocoa is a member of the “softs” commodity group: those that are grown, rather than mined. As a commodity, cocoa refers to cocoa beans, which are the dried seeds of the Theobroma tree – from the Greek theos, meaning “god” and broma, meaning “food.” Once used as a common currency, cocoa today is used primarily in the production of chocolate and other products, such as cocoa butter.

Cocoa had an estabilization period for about a year, so the cahrt is tarting tu turn and the price is showing recovery sings forming a triangle that break upside, so the price must rise over the comming weeks as demmands for the product rise.