Cocoa Generates New Impulse Wave

(Before It's News)

CocoaThe invisible hand, through a series of bullish setups as far back as early November on the possibility of shrinking cocoa supplies, has finally generated an up impulse.  The impulse, illustrated by a fresh X stack, will slowly turn the chasers into buyers of strength rather than sellers of weakness (chart).

Fresh buying, however, has yet to reverse profit-taking/consolidation….

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