Tuesday, December 13, 2016

How Much You Could Earn on Cocoa Futures?

Dear Nasril Nizam

How much you could earn on cocoa after ICCO forecast?

Are you curious which trades were the most profitable last week? Here is how much you could earn by trading Cocoa futures.

The International Cocoa Organization (ICCO) upgraded 2015-16 cocoa harvest estimates for Cote d'Ivoire and other major cocoa producers on December 1. It also forecast improved Cote d'Ivoire output in current 2016-17 harvest. The improved supply prospect resulted in cocoa futures price drop of over 8% (from $2360 to $2160 in four days since December 5).

  • Based on our technical analysis, estimates on December 2, you could sell short 10 metric tons of cocoa with 1:100 leverage at the price level $2363.00 on December 6, 2016, by investing $236.3.
  • Close the position on December 8 at the price level $2263.00
  • Therefore, by investing just $236.3 dollars, you could earn $1000 dollars (increase the investment about 423%).

Try your own successful strategy by trading cocoa futures.

Trade Cocoa Futures

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IFC Markets Corp.
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