03rd Apr - Cocoa Recovers to 23.6% Resistance
03 April 2013
MONTHLY CHART –
CONTINUATION:
The drop back from last year’s
high has found a measure of
support at the area of the 76.4%
retracement.
DAILY CHART – May-13:
Recovery from support close to a
Fibo projection at 2053, just
through the Jun-12 low, is putting
pressure on the 23.6% bounce
level at 2195.
Prior to the 2294 38.2% level and
2331 Nov-12 low, note a bear
channel top projection at 2250 – a
push through this would be a
signal to the bulls but the 38.2%
level warns against chasing the
market then, with buying on dips
preferred.
Next story:
05th Apr - EUR/USD Pullback Nears Key Support 
Previous story:
27th Mar - GBP/USD Bouncing Off Long Term 76.4% Level