Cocoa at interesting support - Buy if descending channel breaks COCOA FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) ICEUS:CC1! SenorBurgales Cocoa at interesting support - Buy if descending channel breaks. Price is holding firm at 50% fib retracement level from the previous very impulsive movement up, which could now resume and at least bring this market higher to 2760 - the projection of the broken channel and also previous highs (TP1). It could continue moving upwards on the back of a weak dollar and a more upbeat feeling about the end of the pandemic and consumer spending resumption. RSI also looking positive.