
New York Cocoa (CC) rebounded more than 1.5% higher yesterday, but remains vulnerable to deepening in its consolidation going into Xmas after forming last Thursday a fresh 2023 and record high (as can be seen easier on a monthly chart on tradingview.com). CC was rejected last week at upchannel resistance (on the weekly chart) and is ready for a healthy correction on the strong Bull Market extension from the September/October low…