Friday, February 17, 2017

Cocoa (update)

After two strong days of buying, sellers took control today.  We closed back below the 20 DMA and the monthly S1, but held above the 10 DMA.  We also got a bullish crossover on the MACD, so today's selling didn't hurt the momentum of the 2 day rally.  But, we definitely would like to see prices close back above the 20 DMA and make a run at the falling window.


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