Monday, December 6, 2010

Cocoa, Time for a Sip

On 11/3 I posted on Cocoa, watching for a breakout of the descending trendline going into its January seasonal low (first chart).  Today it broke that trendline with some strength.  I think NIB gives us some defined risk areas to exit, or for those who wish to wait for a pullback, the bottom of that upward channel is a good place.

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