New York cocoa may fall to $5,299
CC•New York December cocoa may fall to $5,299 per metric ton, according to a channel technique and projection analysis. Resistance is at $5,467; a break above it may lead to a gain into the $5,526-$5,635 range.
1. Technical outlook
New York December cocoa may fall to $5,299 per metric ton, based on a channel technique and a projection analysis. The lower channel points to that target at the 138.2% projection level of a wave c. Resistance is at $5,467; a break above it may lead to a gain into the $5,526-$5,635 range.
