March Coca/Holding its Breakout pt *PIC*

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March Cocoa broke out above its 5 month downtrendline and is continuing to hold above the downtrendline and test this breakout point. So far so good but no upside price action can confirm a successful test as yet. And the 20ema continues to be below the 50ema which is below the 200ema with lower lows and lower highs. Price needs to confirm a successful test and rally or fail here.

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March Coca/Holding its Breakout pt *PIC*

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