{"id":41176,"date":"2017-10-12T23:45:18","date_gmt":"2017-10-13T06:45:18","guid":{"rendered":"http:\/\/drduru.com\/onetwentytwo\/?p=41176"},"modified":"2017-10-12T23:45:18","modified_gmt":"2017-10-13T06:45:18","slug":"cocoa-breaks-out-on-european-strength","status":"publish","type":"post","link":"https:\/\/drduru.com\/onetwentytwo\/2017\/10\/12\/cocoa-breaks-out-on-european-strength\/","title":{"rendered":"Cocoa Breaks Out On European Strength"},"content":{"rendered":"

(This is an excerpt from an article I originally published on Seeking Alpha on October 12, 2017. Click here to read the entire piece<\/a>.)<\/strong><\/p>\n

Looks like my rotational trade on iPath Bloomberg Cocoa SubTR ETN (NIB) is coming to an end.<\/p>\n

{snip}<\/p>\n


\n
\"The<\/a>
The iPath Bloomberg Cocoa SubTR ETN (NIB) broke out above its 200DMA as it nudged marginally above the primary trading range that dominated 2017 trading.<\/figcaption><\/figure>
\nSource: FreeStockCharts.com<\/a><\/strong>
\n<\/center><\/p>\n

{snip}<\/p>\n

The headline driver for this strong move was the European Cocoa Association (ECA) which released very strong numbers for cocoa grindings for the third quarter. European grindings increased 3.0% year-over-year to 353,544Mt, a bullish 6-year high.<\/p>\n


\n
\"European<\/a>
European cocoa grindings have not been this strong year-to-date since 2011. Third quarter grindings are also at a 6-year high.<\/figcaption><\/figure>
\nSource: European Cocoa Association (ECA)<\/a><\/strong>
\n<\/center><\/p>\n

Since the large dip in 2012, European grindings are in a slight uptrend. This year’s increase in grindings does not soak up the production surplus, but it does provide a bullish signal. The increase likely reflects well upon the broader European economic recovery and suggests that low prices could be motivating incremental demand. Such price-driven buying is a good marker for a bottom. My interest in cocoa has long been the secular growth story in demand buffeted by the occasional supply constraints. Perhaps now the secular demand story for cocoa can start to dominate the headlines of production surplus. <\/p>\n

Be careful out there!<\/p>\n

Full disclosure: NIB<\/p>\n

(This is an excerpt from an article I originally published on Seeking Alpha on October 12, 2017. Click here to read the entire piece<\/a>.)<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

(This is an excerpt from an article I originally published on Seeking Alpha on October 12, 2017. Click here to read the entire piece.) Looks like my rotational trade on iPath Bloomberg Cocoa SubTR ETN (NIB) is coming to an end. {snip} Source: FreeStockCharts.com {snip} The headline driver for this strong move was the European … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[673,482,794,62,982],"tags":[1324,1322,700,1946,1323],"class_list":["post-41176","post","type-post","status-publish","format-standard","hentry","category-agriculture-2","category-breakout","category-europe","category-technical-analysis","category-trading-range","tag-choc","tag-cocoa","tag-eca","tag-european-cocoa-association","tag-nib"],"yoast_head":"\nCocoa Breaks Out On European Strength - ONE-TWENTY TWO: Trading Financial Markets<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/drduru.com\/onetwentytwo\/2017\/10\/12\/cocoa-breaks-out-on-european-strength\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cocoa Breaks Out On European Strength - ONE-TWENTY TWO: Trading Financial Markets\" \/>\n<meta property=\"og:description\" content=\"(This is an excerpt from an article I originally published on Seeking Alpha on October 12, 2017. Click here to read the entire piece.) Looks like my rotational trade on iPath Bloomberg Cocoa SubTR ETN (NIB) is coming to an end. {snip} Source: FreeStockCharts.com {snip} The headline driver for this strong move was the European ... Read more\" \/>\n<meta property=\"og:url\" content=\"https:\/\/drduru.com\/onetwentytwo\/2017\/10\/12\/cocoa-breaks-out-on-european-strength\/\" \/>\n<meta property=\"og:site_name\" content=\"ONE-TWENTY TWO: Trading Financial Markets\" \/>\n<meta property=\"article:published_time\" content=\"2017-10-13T06:45:18+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2017\/10\/171011_NIB.jpg\" \/>\n<meta name=\"author\" content=\"Dr. Duru\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@drduru\" \/>\n<meta name=\"twitter:site\" content=\"@drduru\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Dr. Duru\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2017\\\/10\\\/12\\\/cocoa-breaks-out-on-european-strength\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2017\\\/10\\\/12\\\/cocoa-breaks-out-on-european-strength\\\/\"},\"author\":{\"name\":\"Dr. Duru\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#\\\/schema\\\/person\\\/d9569fde6c701b021a8d958f775be9a0\"},\"headline\":\"Cocoa Breaks Out On European Strength\",\"datePublished\":\"2017-10-13T06:45:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2017\\\/10\\\/12\\\/cocoa-breaks-out-on-european-strength\\\/\"},\"wordCount\":275,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#\\\/schema\\\/person\\\/d9569fde6c701b021a8d958f775be9a0\"},\"image\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2017\\\/10\\\/12\\\/cocoa-breaks-out-on-european-strength\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2017\\\/10\\\/171011_NIB.jpg\",\"keywords\":[\"CHOC\",\"cocoa\",\"ECA\",\"European Cocoa Association\",\"NIB\"],\"articleSection\":[\"Agriculture\",\"Breakout\",\"Europe\",\"Technical Analysis\",\"Trading Range\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2017\\\/10\\\/12\\\/cocoa-breaks-out-on-european-strength\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2017\\\/10\\\/12\\\/cocoa-breaks-out-on-european-strength\\\/\",\"url\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2017\\\/10\\\/12\\\/cocoa-breaks-out-on-european-strength\\\/\",\"name\":\"Cocoa Breaks Out On European Strength - ONE-TWENTY TWO: Trading Financial Markets\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2017\\\/10\\\/12\\\/cocoa-breaks-out-on-european-strength\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2017\\\/10\\\/12\\\/cocoa-breaks-out-on-european-strength\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2017\\\/10\\\/171011_NIB.jpg\",\"datePublished\":\"2017-10-13T06:45:18+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2017\\\/10\\\/12\\\/cocoa-breaks-out-on-european-strength\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2017\\\/10\\\/12\\\/cocoa-breaks-out-on-european-strength\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2017\\\/10\\\/12\\\/cocoa-breaks-out-on-european-strength\\\/#primaryimage\",\"url\":\"http:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2017\\\/10\\\/171011_NIB.jpg\",\"contentUrl\":\"http:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2017\\\/10\\\/171011_NIB.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2017\\\/10\\\/12\\\/cocoa-breaks-out-on-european-strength\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Cocoa Breaks Out On European Strength\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#website\",\"url\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/\",\"name\":\"ONE-TWENTY TWO: Trading Financial Markets\",\"description\":\"Exploring the poetry in financial markets for students of money and economy since the year 2000.\",\"publisher\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#\\\/schema\\\/person\\\/d9569fde6c701b021a8d958f775be9a0\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":[\"Person\",\"Organization\"],\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#\\\/schema\\\/person\\\/d9569fde6c701b021a8d958f775be9a0\",\"name\":\"Dr. Duru\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2018\\\/09\\\/cropped-masthead-header.jpg\",\"url\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2018\\\/09\\\/cropped-masthead-header.jpg\",\"contentUrl\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2018\\\/09\\\/cropped-masthead-header.jpg\",\"width\":900,\"height\":100,\"caption\":\"Dr. Duru\"},\"logo\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2018\\\/09\\\/cropped-masthead-header.jpg\"},\"sameAs\":[\"http:\\\/\\\/www.drduru.com\\\/onetwentytwo\",\"https:\\\/\\\/www.instagram.com\\\/drduru_market_breadth\\\/\",\"https:\\\/\\\/x.com\\\/drduru\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Cocoa Breaks Out On European Strength - ONE-TWENTY TWO: Trading Financial Markets","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/drduru.com\/onetwentytwo\/2017\/10\/12\/cocoa-breaks-out-on-european-strength\/","og_locale":"en_US","og_type":"article","og_title":"Cocoa Breaks Out On European Strength - ONE-TWENTY TWO: Trading Financial Markets","og_description":"(This is an excerpt from an article I originally published on Seeking Alpha on October 12, 2017. Click here to read the entire piece.) Looks like my rotational trade on iPath Bloomberg Cocoa SubTR ETN (NIB) is coming to an end. {snip} Source: FreeStockCharts.com {snip} The headline driver for this strong move was the European ... Read more","og_url":"https:\/\/drduru.com\/onetwentytwo\/2017\/10\/12\/cocoa-breaks-out-on-european-strength\/","og_site_name":"ONE-TWENTY TWO: Trading Financial Markets","article_published_time":"2017-10-13T06:45:18+00:00","og_image":[{"url":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2017\/10\/171011_NIB.jpg","type":"","width":"","height":""}],"author":"Dr. Duru","twitter_card":"summary_large_image","twitter_creator":"@drduru","twitter_site":"@drduru","twitter_misc":{"Written by":"Dr. Duru","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/drduru.com\/onetwentytwo\/2017\/10\/12\/cocoa-breaks-out-on-european-strength\/#article","isPartOf":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2017\/10\/12\/cocoa-breaks-out-on-european-strength\/"},"author":{"name":"Dr. Duru","@id":"https:\/\/drduru.com\/onetwentytwo\/#\/schema\/person\/d9569fde6c701b021a8d958f775be9a0"},"headline":"Cocoa Breaks Out On European Strength","datePublished":"2017-10-13T06:45:18+00:00","mainEntityOfPage":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2017\/10\/12\/cocoa-breaks-out-on-european-strength\/"},"wordCount":275,"commentCount":0,"publisher":{"@id":"https:\/\/drduru.com\/onetwentytwo\/#\/schema\/person\/d9569fde6c701b021a8d958f775be9a0"},"image":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2017\/10\/12\/cocoa-breaks-out-on-european-strength\/#primaryimage"},"thumbnailUrl":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2017\/10\/171011_NIB.jpg","keywords":["CHOC","cocoa","ECA","European Cocoa Association","NIB"],"articleSection":["Agriculture","Breakout","Europe","Technical Analysis","Trading Range"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/drduru.com\/onetwentytwo\/2017\/10\/12\/cocoa-breaks-out-on-european-strength\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/drduru.com\/onetwentytwo\/2017\/10\/12\/cocoa-breaks-out-on-european-strength\/","url":"https:\/\/drduru.com\/onetwentytwo\/2017\/10\/12\/cocoa-breaks-out-on-european-strength\/","name":"Cocoa Breaks Out On European Strength - ONE-TWENTY TWO: Trading Financial Markets","isPartOf":{"@id":"https:\/\/drduru.com\/onetwentytwo\/#website"},"primaryImageOfPage":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2017\/10\/12\/cocoa-breaks-out-on-european-strength\/#primaryimage"},"image":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2017\/10\/12\/cocoa-breaks-out-on-european-strength\/#primaryimage"},"thumbnailUrl":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2017\/10\/171011_NIB.jpg","datePublished":"2017-10-13T06:45:18+00:00","breadcrumb":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2017\/10\/12\/cocoa-breaks-out-on-european-strength\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/drduru.com\/onetwentytwo\/2017\/10\/12\/cocoa-breaks-out-on-european-strength\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/drduru.com\/onetwentytwo\/2017\/10\/12\/cocoa-breaks-out-on-european-strength\/#primaryimage","url":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2017\/10\/171011_NIB.jpg","contentUrl":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2017\/10\/171011_NIB.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/drduru.com\/onetwentytwo\/2017\/10\/12\/cocoa-breaks-out-on-european-strength\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/drduru.com\/onetwentytwo\/"},{"@type":"ListItem","position":2,"name":"Cocoa Breaks Out On European Strength"}]},{"@type":"WebSite","@id":"https:\/\/drduru.com\/onetwentytwo\/#website","url":"https:\/\/drduru.com\/onetwentytwo\/","name":"ONE-TWENTY TWO: Trading Financial Markets","description":"Exploring the poetry in financial markets for students of money and economy since the year 2000.","publisher":{"@id":"https:\/\/drduru.com\/onetwentytwo\/#\/schema\/person\/d9569fde6c701b021a8d958f775be9a0"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/drduru.com\/onetwentytwo\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":["Person","Organization"],"@id":"https:\/\/drduru.com\/onetwentytwo\/#\/schema\/person\/d9569fde6c701b021a8d958f775be9a0","name":"Dr. Duru","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/09\/cropped-masthead-header.jpg","url":"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/09\/cropped-masthead-header.jpg","contentUrl":"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/09\/cropped-masthead-header.jpg","width":900,"height":100,"caption":"Dr. Duru"},"logo":{"@id":"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/09\/cropped-masthead-header.jpg"},"sameAs":["http:\/\/www.drduru.com\/onetwentytwo","https:\/\/www.instagram.com\/drduru_market_breadth\/","https:\/\/x.com\/drduru"]}]}},"_links":{"self":[{"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/posts\/41176","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/comments?post=41176"}],"version-history":[{"count":6,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/posts\/41176\/revisions"}],"predecessor-version":[{"id":41185,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/posts\/41176\/revisions\/41185"}],"wp:attachment":[{"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/media?parent=41176"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/categories?post=41176"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/tags?post=41176"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}