06th Jun - Cocoa Rallies off 61.8% Support
06 June 2013
WEEKLY CHART – CONTINUATION:
Earlier recovery from the 76.4% retracement area paused. Following a correction the market could be ready to forge higher once more.
DAILY CHART – Jul-13:
The correction recently found clear support from the 61.8% level, with lower 76.4% staying out of reach for now.
We wait to see if the current bounce has the energy to regain and overcome the 2437 03-May high. Success would turn focus on the 2560 dual resistance level (Dec-12 high and 76.4% recovery).
Next story:
06th Jun - USD/CAD Pauses at Key Resistance ![]()
Previous story:
31st March - Sell the German Bund ![]()

