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vlad.adrian
Oct 27, 2014 9:59 PM

Cocoa - Breaks down a neckline Short

Description

The weekly chart doesn't look bullish at all, but it is not really bearish either


The daily chart has formed a neckline, a bit above 3000. Today, that area go broken. Other than that, there is nothing else to say. If today's high get's taken out, I was wrong and the short does not stand anymore.
Comments
Olu
I agree with this idea. I have been following this commodity for some time now and like you I am looking for the 2700 area first
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