{"id":171973,"date":"2020-06-11T07:52:38","date_gmt":"2020-06-11T11:52:38","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=171973"},"modified":"2020-06-11T07:52:38","modified_gmt":"2020-06-11T11:52:38","slug":"cocoa-analysis-lower-rainfall-in-ivory-coast-bullish-for-c-cocoa","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/06\/cocoa-analysis-lower-rainfall-in-ivory-coast-bullish-for-c-cocoa\/","title":{"rendered":"COCOA Analysis: Lower rainfall in Ivory Coast bullish for #C-COCOA"},"content":{"rendered":"
June 11, 2020<\/div>
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By IFCMarkets<\/a><\/strong><\/p>\n

Lower rainfall in Ivory Coast bullish for #C-COCOA<\/strong><\/p>\n

Lower than usual rainfall in Ivory Coast last week highlighted need for more rain to boost the crop. Ivory Coast is the world\u2019s top cocoa producer. The International Cocoa Organization (ICCO) cut its forecast for global production by 74,000 tons to 4.75 million in its latest quarterly update on May 29. It forecast a global cocoa deficit of 80,000 tons in the 2019\/20 season that runs from October to September. The estimate is slightly below its previous projection of 85,000 tons. ICCO forecast production in Ivory Coast to reach 2.15 million tons in 2019\/20, down from a previous projection of 2.18 million. Data showed rainfall in both western and eastern regions of Ivory Coast were below the average last week. Lower rainfall in top cocoa producer country is bullish for cocoa price.<\/p>\n\n\n\n\n\n\n\n\n\n\n
Indicator<\/th>\nVALUE<\/th>\nSignal<\/th>\n<\/tr>\n<\/thead>\n
RSI<\/td>\n<\/td>\nNeutral<\/td>\n<\/tr>\n
MACD<\/td>\n<\/td>\nBuy<\/td>\n<\/tr>\n
Donchian Channel<\/td>\n<\/td>\nNeutral<\/td>\n<\/tr>\n
MA(200)<\/td>\n<\/td>\nSell<\/td>\n<\/tr>\n
Fractals<\/td>\n<\/td>\nBuy<\/td>\n<\/tr>\n
Parabolic SAR<\/td>\n<\/td>\nBuy<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

Summary of technical analysis<\/h2>\n\n\n\n\n\n
Order<\/b><\/td>\nBuy<\/td>\n<\/tr>\n
Buy stop<\/b><\/td>\nAbove 2477<\/td>\n<\/tr>\n
Stop loss<\/b><\/td>\nBelow 2314<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Market Analysis provided by IFCMarkets<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By IFCMarkets Lower rainfall in Ivory Coast bullish for #C-COCOA Lower than usual rainfall in Ivory Coast last week highlighted need for more rain to boost the crop. Ivory Coast is the world\u2019s top cocoa producer. The International Cocoa Organization (ICCO) cut its forecast for global production by 74,000 tons to 4.75 million in its […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-171973","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/171973","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=171973"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/171973\/revisions"}],"predecessor-version":[{"id":171982,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/171973\/revisions\/171982"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=171973"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=171973"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=171973"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}