NY cocoa may retest resistance at $2,401

29 Jul, 2021

SINGAPORE: New York September cocoa may retest a resistance at $2,401 per tonne, a break above which could lead to a gain into $2,421-$2,440 range.

The contract is stabilising around a support at $2,376. The stabilisation suggests a steady uptrend from $2,232, which is likely to extend into the range of $2,440-$2,465.

Read Comments