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(March 18, 2002) COCOA: Cocoa continues to grind higher, although the momentum indicators are running out of steam. This looks like a market that is at weekly resistance and is about to roll over. I would expect to see a correction to at least the 1300 levels in the next few weeks.

Key levels:

CCK 1450 & 1550

Best Trade Setups For The Week:

Sell May cocoa risk to a close above1610.

J. Mark Kinoff
www.corefutures.com
email: kinoff@corefutures.com

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