Markets
New York cocoa may gain further into $2,483-$2,510 per tonne range
cocoa may gain further into a range of $2,483-$2,510 per tonne.
This is the fifth wave of a five-wave cycle fr
- cocoa may gain further into a range of $2,483-$2,510 per tonne.
- This is the fifth wave of a five-wave cycle from the Aug. 20 low of $2,165.
SINGAPORE: New York December cocoa may gain further into a range of $2,483-$2,510 per tonne, driven by a wave 5.
This is the fifth wave of a five-wave cycle from the Aug. 20 low of $2,165.
It is expected to travel to the Oct. 4 high of $2,535.
Support is at $2,446 - the 38.2pc retracement of the short downtrend from $2,535 to $2,391, a break below which could cause a fall limited to $2,425.
Comments
Comments are closed.