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Cocoa
Technicals (December)
Cocoa futures flipped to a Bullish trend on October 18 at 3672, where only a close below 3637 will take the market back to a Neutral Trend.
Bias: Bullish/Neutral
Previous Session Bias: Bullish/Neutral
Resistance: 3850-3900***Contract Highs)
Pivot: 3637
Support: 3595**(50 DMA), 3391**, 3300-3250***
Coffee Technicals (December)
Coffee futures flipped to a Bullish Trend on October 17, and only a close below 153.92 returns the market to a Neutral trend.
Bias: Bullish/Neutral
Previous Session Bias: Bullish/Neutral
Resistance: 167.21-168.00** (200 DMA)
Pivot: 154.00 (50 DMA)
Support: 152.54*** , 150.00**
Sugar
Technicals (March)
Sugar futures surged to a Bullish trend on October 9 at 27.18. It will take a close below 26.44 to return to a Neutral trend.
Bias: Bullish/Neutral
Previous Session Bias: Bullish/Neutral
Resistance: 28.00**, 29.96**, 27.13-28.00***
Pivot: 26.6-44 (trend reversal point, 50 DMA)
Support: 23.53***(200 DMA)
Cotton
Technicals (December)
Cotton futures slipped back into a Bearish Trend on October 17 at 83.23, where only a close above 86.45 will shift traders back to a Neutral Trend.
Bias: Bearish/Neutral
Previous Session Bias: Neutral
Resistance: 8.45**, 88.24**, 89.00-90.00***
Pivot: 86.21 (50 DMA)
Support: 80.50-80.00 Pocket Support
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On the date of publication, Phillip Streible did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
