http://www.fxstreet.com/technical/market-view/technical-analysis-commodities/http://www.fxstreet.com/technical/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/technical/market-view/technical-analysis-commodities/2009-10-21.v02.htmlComment:  Last week front month Cotton futures closed well above 50% Fibonacci retracement resistance and at the highest price since August last year, just above 63.00 cents per pound which is the mean of the last thirty-five years. Moving averages have helped the contracts along nicely since April this year and have allowed this one to break and hold above what had been a massive Ichimoku ‘cloud’. Momentum is yet to turn truly bullish and we are fractionally overbought, so allow for aWed, 21 Oct 2009 15:13:35 GMThttp://www.fxstreet.com/technical/market-view/Nicole.Elliot@mhcb.co.uk (Mizuho Corporate Bank)http://www.fxstreet.com/technical/market-view/technical-analysis-commodities/2009-10-21.v02.htmlhttp://www.fxstreet.com/technical/market-view/technical-analysis-commodities/2009-10-21.htmlComment: Last week’s close above the top of the large ‘triangle’ formation has given bullish momentum a shot in the arm, taking it higher than it has been since March. The front month contract is currently testing pivotal resistance around 145.00 cents per pound. A weekly close above here should set off another sharp rally to 154.00 where a little more hesitation is likely. Later this year, possibly around year-end, expect a re-test of February 2008’s high at 169.60 and then another rally inWed, 21 Oct 2009 12:29:04 GMThttp://www.fxstreet.com/technical/market-view/Nicole.Elliot@mhcb.co.uk (Mizuho Corporate Bank)http://www.fxstreet.com/technical/market-view/technical-analysis-commodities/2009-10-21.htmlhttp://www.fxstreet.com/technical/market-view/technical-analysis-commodities/2009-10-07.htmlComment:  Since mid-September bullish momentum has picked up considerably so that front month Cocoa futures are in a position to challenge last year’s high at $3385 per metric tonne. Price action since then is seen as ‘triangle’ consolidation, in what might be a complex Wave 4 of a long term rally that started in 2001. While some might feel it is already overdone at these historically lofty levels, we view this as the next stage of a very broad upward-sloping channel and favour a break toWed, 07 Oct 2009 17:31:33 GMThttp://www.fxstreet.com/technical/market-view/Nicole.Elliot@mhcb.co.uk (Mizuho Corporate Bank)http://www.fxstreet.com/technical/market-view/technical-analysis-commodities/2009-10-07.htmlhttp://www.fxstreet.com/technical/market-view/technical-analysis-commodities/2009-07-01.htmlComment: This Sugar futures contract has traded around a mean of 10 cents per pound for almost forty years. It has been subject to several periods where it has traded over 15 cents, most recently the last nine weeks and before that in H1 2006. Though overbought, bullish momentum is close to some of its strongest levels this decade and therefore feel it has further rallying to do. Contract expiry is to blame for today’s gap higher, but does underline the very strong upside pressure builtWed, 01 Jul 2009 09:41:44 GMThttp://www.fxstreet.com/technical/market-view/Nicole.Elliot@mhcb.co.uk (Mizuho Corporate Bank)http://www.fxstreet.com/technical/market-view/technical-analysis-commodities/2009-07-01.html