Cocoa has broken out
Posted By Mike On Feb 11, 2010 @ 7:23 am In charts, commodities | No Comments
Ok, cocoa is a pretty obscure market, but it tends to move with the rest of the commodities, which in turn behave like other risk assets including stocks and non-dollar, non-yen currencies. Cocoa futures, like copper, just broke out of the downtrend that contained their decline from the January highs:
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Interactive Brokers
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Article printed from The Sovereign Speculator: http://sovereignspeculator.com
URL to article: http://sovereignspeculator.com/2010/02/11/cocoa-has-broken-out/
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