21st Nov - Cocoa Gains See New 2013 High
21 November 2013
WEEKLY CHART –
CONTINUATION:
The recovery had stuck at the
2012 high, but is pushing beyond
now.
Note probable resistance offered
by the bull channel top projection
around 2890, just ahead of the
50% retracement level.
DAILY CHART – Mar-14:
Recent pullback from the Oct high
was muted, and held above first
support coming from the old
channel top (at 2570 currently).
The 2013 upmove remains on
track to test the Fibo projection at
2940, corresponding quite nicely
with the Weekly chart resistance.
At this stage a reversal through
the 2576 12-Nov low would
dampen bulls’ momentum.
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21st Nov - USD/CAD Pushing Against Next Resistance 
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15th November - Watch the European Bond Markets