Traders' Roundtable

cocoa tests a upward projected trendline off the peaks three times(the trendline touching at 3 points), the current levels are close to that trendline and it seems to fall back. A break of 1760 would be a bearish sign.

Cocoa goes to 2000 my friend

yes, long term price patterns seem to indicate a multistage advance precedes a larger then usual upside attempt before falling back.

http://futures.tradingcharts.com/chart/CC/W

http://futures.tradingcharts.com/chart/CC/57

seems to consolidate at 50 dollar intervals.