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New York cocoa may seek support at $2,310
The support is identified as the 61.8pc retracement of the uptrend from $2,201 to $2,487. Given that the former sup
- The support is identified as the 61.8pc retracement of the uptrend from $2,201 to $2,487. Given that the former support at $2,344 failed to hold and trigger a bounce.
SINGAPORE: New York July cocoa may seek a support at $2,310 per tonne, to hover above this level or bounce towards $2,344.
The support is identified as the 61.8pc retracement of the uptrend from $2,201 to $2,487. Given that the former support at $2,344 failed to hold and trigger a bounce, the support at $2,310 may cause a moderate bounce.
A break below $2,310 could cause a fall to $2,268, while a break above $2,344 may lead to a gain to $2,378.
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