31st Jul - Cocoa Still Pushing Higher - Market updates

31 July 2014

WEEKLY CHART –

CONTINUATION:

After earlier breaking through the

channel top and more recently

pushing through the long term

61.8% retracement, prices are

now firming again, with the 3370

76.4% level the next target.

DAILY CHART – Sep-14:

The market is firming once more,

following consolidation that found

good support from the 3052 Mar

high area.

Next possible resistance comes

from a channel top, around 3278

currently.