Type: Bullish ContinuationKey Levels:Resistance:2577Pivot:2422Support:2500Preferred Case:Looking at the H4 chart, my overall bias for CC1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to possibly head towards the resistance at 2577, where the previous high is.Alternative Scenario:Price may go back down and retest the support at 2500 where the 23.6% Fibonacci line is located.Fundamentals:There are no major news.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/cocoa-futures-cck2022-h4-potential-for-bullish-continuation2"
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