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Cocoa
Technicals (March)
50 DMA = 3768
200 DMA = 3266
Trend Reversal Point = 3997
Cocoa futures flipped to a bullish trend on October 17 at 3669. Only a close below 3997 will return the market to a neutral trend.
Bias: Bullish/Neutral
Previous Session Bias: Bullish/Neutral
Resistance: 4200-4250***
Pivot: 4000
Support: 3997 TRP
Coffee Technicals (March)
50 DMA = 160.77
200 DMA = 168.02
Trend Reversal Point = 163.76
Coffee futures flipped to a Bullish Trend on October 19. Only a close below 163.76 returns the market to a Neutral trend.
Bias: Bullish/Neutral
Previous Session Bias: Bullish/Neutral
Resistance: 173.50**
Pivot: 168.02**(200 DMA)
Support: 163.76**, 162.67**, 160.40***
Sugar
Technicals (March)
50 DMA = 27.08
200 DMA = 24.37
Trend Reversal Point = 26.96
Sugar futures surged to a bullish trend on October 9 at 27.18. A close below 26.96 would return them to a neutral trend.
Bias: Bullish/Neutral
Previous Session Bias: Bullish/Neutral
Resistance: 28.00**, 29.96**, 27.13-28.00***
Pivot: 27.10-26.95 (trend reversal point, 50 DMA)
Support: 24.37***(200 DMA)
Cotton
Technicals (March)
50 DMA = 84.36
200 DMA = 83.19
Trend Reversal Point = 83.45
Cotton futures slipped back into a bearish trend on October 20 at 84.53. Only a close above 83.45 will shift traders back to a neutral trend.
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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.
