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Dec 07, 2023 PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Markets

NY cocoa may drop to $2,414

  • Cocoa has broken a support at $2,474. It may test the next support at $2,414.
Reuters Published May 12, 2021

SINGAPORE: New York July cocoa may drop to $2,414 per tonne, following its failure to break a resistance at $2,523. The failure suggests the completion of the rise from $2,317 or the first round of this rise.

Cocoa has broken a support at $2,474. It may test the next support at $2,414.

Only a break above $2,523 could confirm the continuation of the uptrend towards $2,571-$2,631 range.

Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.

Wheat Corn Cocoa soyabean

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