Cuckoo For Cocoa

Marc Dupee will be out of the
office until April 9. In his absence this column is being written by
TradersWire’s Duke Heberlein.

Cocoa
(
CCK1 |
Quote |
Chart |
News |
PowerRating)
, from the Momentum-5
List
, is triggering a setup out of a cup and handle sitting on the
convergence of its 20- and 50-day moving average.

 

 

The British pound
(
BPM1 |
Quote |
Chart |
News |
PowerRating)
, one of
many contracts from the Pullback
From Lows List
, is resuming its downtrend out of an outside day down in a
pullback.

 

 

Finally, May pork bellies
(
PBK1 |
Quote |
Chart |
News |
PowerRating)
,
is pulling back from its high into a Cooper/Connors 1-2-3 pullback.

Â