Cocoa (update)

We saw prices close back above the 10 DMA and the monthly S1 pivot, which was a positive sign.  It still looks to be forming a measured move pattern to the upside.  We just need a break above 2060 and this gets activated with Fib projection targets.  For now, next upside resistance remains the 20 DMA @ 2037.  Let's see if we can close the week out strong with prices above the 10 DMA, 20 DMA, monthly S1 pivot while forming a measured move pattern.  This would give some validation to the recent bottom.