We Are Short Cocoa When Prices Broke Below 2728 Today

Today, December 30, March 2014 Cocoa prices broke below the #2 point of 2728 and we are now short Cocoa Futures.  Our target is the 50% Retracement level of 2495.  We purchased a 260 Put Option (2600) at $350, which is 2 strike prices out of the money.  This option expires on Feb. 7th.

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