Nice high Friday close on May Cocoa. The bounce back has retraced to the Fib 38.2% mark to date. RSI 21 is crossing above the 50 line again as well as Stochastics crossing above the 20 line. Modified MACD is slow and a more deliberate indicator and doesn't get excited about moves that may be short in duration. But it has started its turn back up as well. Seasonal trends are poor ahead. Have no idea why Cocoa would be rallying and don't want to know but the chart doesn't care. It just is what it is.