Thursday, November 29, 2007

Cocoa - Close To Showing It's Hand

The next move in Cocoa will be let out of the bag shortly with a break on either end of the triangle.

It is high probability trades like this that you keep your powder dry for, so keep this on your radar.

The commercial traders are giving the impression that it will break down, or make an upward break failure, but let the market tell us what it wants to do.

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