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29th Jan - Looking For Next Support in Cocoa

29 January 2015

WEEKLY CHART –

CONTINUATION:

The pullback from the 76.4% level

has violated support offered by

the 2744 2012 high, and focus is

now on the bull channel projection

at 2650.

DAILY CHART – Mar-15:

Price has dropped smartly back

from resistance that came from

prior 3005/8 lows. Erosion of the

2780 Nov low has swivelled

bears’ eyes towards the first Fibo

projection at 2634, close to

support on the Weekly chart. We

await reaction around here.

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30th January - The bullish Bund

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25th January - Sell the Euro, but how far?

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