John Erik Hammerstrom

Short Cocoa

ICEUSA:CC1!   Cocoa
38 0 2
Cocoa             is getting close to a area of strong resistance, a 50% retracement around 3030 which also is previous support, this might also be a area where those who went long around 2700 is looking to take of some profit. Risk/reward is 2:1 on this trade.
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