Nov
14

NIB ETN – Cocoa

This morning, Holly Henschen of Barron’s has a bullish article about Cocoa. The articles notes that Cocoa tested a 30-year high last month.

NIB

If you don’t trade futures, one way to get exposure to Cocoa is through the NIB ETN. On a technical basis, there is no reason to take a position in Cocoa at this time. However, if Cocoa can breakout over the recent high at $52 it could be a good trade. For that reason, I’m adding it to my watchlist.

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  • rosocecasita
    It looks like every other dollar denominated asset, http://screencast.com/t/NjUyNjYzNT

    46 / 44, sell2, sell 1, respectively, but your just betting on the dollar .
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