May Cocoa broke out over price resistance at 3100 and ran up to 32.70 which was a Fib 38.2% retracment of the March selloff. Price is now pulling back to the breakout point. This is a classic conservative buy set up after a breakout and run up for price to pull back to the breakout pt to purchase. A stop loss at one's comfort level below this breakout point is still needed as insurance in case of a failure to hold. Sorry,no guarantees.......