SINGAPORE: New York March cocoa may retest a resistance at $2,535 per tonne.
A break could lead to a gain to $2,598.
The resistance triggered a pullback towards a falling trendline.
As long as cocoa hovers above $2,497, it may keep rising towards $2,598.
A break below $2,497, however, could open the way towards the range of $2,434-2,466.
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.
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