Saturday, 17 May 2014

NY Cocoa

critical time coming up for the bear case.The 21.34 dema's tend to be good trend indicators and we need a lower high for a downtrend to be in effect (breaking a trendline alone is not sufficient) so a lower high that respects the ema's would be trend change confirmation,otherwise we may just be seeing a rising market at a lower rate of change


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