New York cocoa to fall into $2,754-$2,797 per tonne range

• The resistance is identified as the 150pc projection level of an upward wave C from $2,200.
• A break above $2,868, now a resistance, could lead to a gain to $2,925.

The resistance is identified as the 150pc projection level of an upward wave C from $2,200.

The contract has broken a support at $2,868 as well.

The break opened the way towards $2,797.

A break above $2,868, now a resistance, could lead to a gain to $2,925.