NY cocoa may test resistance at $2,455

SINGAPORE: New York March cocoa may test a resistance at $2,455 per tonne, as it has stabilised around a support at $2,426.

The false break below the support signals a completion of the drop from $2,576 or an ongoing bounce towards $2,483.

The bounce could be regarded as a pullback towards a rising trendline. A break below $2,426 could cause a fall to $2,390.

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