07th Feb - Cocoa Upmove Reaches Next Resistance Area
06 February 2014
WEEKLY CHART – CONTINUATION:
The recovery has now reached the bull channel top projection just above the 50% retracement level. We wait to see if resistance emerges here.
DAILY CHART – Mar-14:
Focus has been on the Fibo projection at 2940, which corresponds quite nicely with the Weekly chart resistance. A push through this would spur the bulls on.
First interesting support is offered by the old channel top around 2610. At this stage a reversal through this would dampen upward momentum.
Next story:
09th Feb - USD/CHF – Above Key Support / Below Long Term Resistance 
Previous story:
30th January 2014 - The big trends are intact but sit on your hands