Markets
NY cocoa may bounce to $2,391 per tonne before falling
- A break above $2,391 may open the way towards $2,436 while a break below $2,355 could cause a fall to $2,319.
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SINGAPORE: New York July cocoa may bounce to $2,391 per tonne before retesting a support at $2,355.
The bounce is classified as a pullback towards a rising trendline.
It may end around $2,391, the 38.2pc retracement of the uptrend from $2,201 to $2,509.
A break above $2,391 may open the way towards $2,436 while a break below $2,355 could cause a fall to $2,319.
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