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mjhillpp

CC running into support and out of steam, from short to neutral

mjhillpp  
ICEUSA:CC2!   None
CC cocoa iceus softs agriculture
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cc cocoa iceus softs agriculture
Moving from short to neutral as cocoa runs into support and seams to run out of steam.

RSI and Stochastik are in oversold areas. Even though we didnt reach the red target line, I am cautious about the short position.

Dec/Mar future spreads are firmer today indicating.

Yet too early to reverse the position IMHO

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