Cocoa Prices Break Critical Resistance

11 Oct in Blog, coffee futures, commodity trading, cotton futures, futures trading, Mike Seery, orange juice futures, seeryfutures, sugar futures

Cocoa Futures--- Cocoa futures in the December contract are sharply higher this Wednesday afternoon in New York up for the 2nd consecutive session currently trading at 2113 up 66 points as I have been recommending a bullish position from the 2010 level while placing the stop loss under the 10 day low standing at 1968, however in Friday's trade that will be raised to 1984 as the chart structure will start improving on a daily basis.

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