Monday, June 1, 2015
Cocoa (Update)
Thursday price action initiated a short position @ 3112 based on the engulfing pattern from Wednesday. The 10 DMA held as support both Wednesday and Thursday, but finally broke on Friday with a close below. Next areas of potential support are the 20 DMA ~ 3061, the new June Pivot @ 3042, and the 3/3 high @ 3023.
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