Thursday, February 16, 2017

Cocoa (update)

Today we saw more follow through buying and we closed above some of the upside resistance I listed yesterday:
1994  10 DMA
2017  Monthly S1
2049  20 DMA
Ideally, we'd like to see these levels serve as support going forward.

Here are the next areas of possible resistance:
2134  Falling Window
2145  Monthly P
2167  50 DMA
2218  Monthly R1


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