Cocoa Comes Back
Cocoa
(
CCH1 |
Quote |
Chart |
News |
PowerRating) is rallying out of a
Pullback From Highs
setup, triggered above the high of Friday’s low bar (day three) day. Cocoa fell
as many as 85 points Wednesday and Thursday of last week. The market is reacting
in part to the Commitment
of Traders Report, which showed there was not too large of a long
position by small speculators reporting positions.
Natural gas
(
NGH1 |
Quote |
Chart |
News |
PowerRating)
futures are plunging despite cool Midwest temperatures as traders look ahead to
end of the heating fuel season and a build up of inventories with this week’s
AGA report.
S&P futures
(
SPH1 |
Quote |
Chart |
News |
PowerRating) are making good on
their Turtle Soup Plus One Buy
setup.