{"id":111585,"date":"2017-08-24T09:12:58","date_gmt":"2017-08-24T13:12:58","guid":{"rendered":"http:\/\/countingpips.com\/?p=111585"},"modified":"2017-08-24T07:14:06","modified_gmt":"2017-08-24T11:14:06","slug":"cocoa-technical-analysis-increased-ivory-coast-deliveries-bearish-for-cocoa-prices","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/08\/cocoa-technical-analysis-increased-ivory-coast-deliveries-bearish-for-cocoa-prices\/","title":{"rendered":"COCOA: Technical Analysis – Increased Ivory Coast deliveries bearish for cocoa prices"},"content":{"rendered":"
August 24, 2017<\/div>
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By IFCMarkets<\/a><\/p>\n

Increased Ivory Coast cocoa deliveries bearish for cocoa prices<\/strong><\/p>\n

Cocoa deliveries to Cote d’Ivoire ports have increased compared with the previous season. Will cocoa prices<\/a> continue falling?<\/p>\n

Cocoa deliveries at ports in world\u2019s top grower Ivory Coast reached around 1.94 million tons by August 20 since the start of the season on October 1, 2016, according to exporter estimates. Deliveries have increased more than 56.6% from 1.45 million tons in the same period of last season. Relative strength of the dollar is another factor negatively affecting cocoa prices.<\/p>\n

\"COCOA\"<\/p>\n

On the daily timeframe the COCOA: D1 <\/b> has been declining toward the support line after it retraced higher as it hit a ten year low in April.<\/p>\n