Wednesday, 16 March 2011

Cocoa

I am unsure about cocoa...obviously the bearish view last year didn't work out and we are still making higher lows on the weekly...here is a short term setup.Coffee had a weekly reversal ...shooting star candle


 stop press lol after posting this just found an old chart with 60 and 120 week cycles on it...suggests the recent high may be significant


 here is the square 



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