Possible roll-over top in London Cocoa
London Mar 24 Cocoa violated its parabolic advance (linear scale) in recent weeks and was unable to trend higher. Today's decline appears to be a possible failure top roll-over similar to the chart in NY Sugar that led to a precipitous decline in Sugar during December.
Could the same type of decline occur in Cocoa? Who knows. Factor Prop Account shorted London Cocoa early this morning.
Could the same type of decline occur in Cocoa? Who knows. Factor Prop Account shorted London Cocoa early this morning.
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