Likely to face resistance @ 3092 & drop to 2930 - 2832 before breaking out to "3515" in near term which can also be termed as Retracement of 3780 Highs..
This Strategy is based on historical cycle of a time frame 5yrs from 2009 - 2014
In the Long term if Cocoa sustains and make a base @ or above 3515 then prices could shoot to 4462 - 4884, however if cracks below 2180 its "1299".
Key Level to watch for short term bulls is "2669"
Now @ 2983
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