This is a sample entry from Tom Dosdall’s newsletter, Dosdall Daily Edge, published on Monday, April 14, 2014.
Cocoa traders were disappointed with last week’s European grinding numbers, and the market appears technically overbought. The latest commitment of traders report showed a hefty net long position, and with the weak Euro numbers I am thinking that some of those longs might start to reduce their exposure.
I like selling cocoa if it can take out today’s low of 2975, and if filled, risking the trade to 3016.

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