19th Oct - Cocoa Resisted by Long Term 76.4%
19 October 2014
WEEKLY CHART –
CONTINUATION:
Probably the most interesting
thing on the Cocoa charts at the
moment is this long term 76.4%
retracement resistance.
The pullback has so far returned
to possible support near the old
channel top.
A violation of this would then
expose the 2744 2012 high to
test.
DAILY CHART – Dec-14:
On the front month chart the quick
sell-off from new 2014 highs has
held at the 3019 Sep low so far.
But a violation of this support
would call for lower targets.
The market looks to be at a
pivotal point!
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20th October - S&P weakness is a correction not reversal 
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12th Oct - EUR/USD Collapse Testing 76.4% Support Now