08th Aug - Second Upleg in Cocoa Continues
08 August 2013
WEEKLY CHART – CONTINUATION:
The market is still in overall recovery mode following earlier test of the 76.4% retracement area.
DAILY CHART – Sep-13:
On the Daily chart there was also an effective 76.4% support area. Subsequent recovery, the second upleg of 2013, recently found temporary resistance around the 2384 12-Jun high - this has now been broken leading to a challenge to the early May high.
Channel top resistance is offered just above 2500 currently, while the 76.4% recovery area represents a further hurdle.
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09th Aug - EUR/GBP Between Two Pivotal Levels 
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1st August - Gold is struggling, expect a fresh bear leg