New York cocoa may seek support at $2,310

The support is identified as the 61.8pc retracement of the uptrend from $2,201 to $2,487. Given that the former sup
22 May, 2020
  • The support is identified as the 61.8pc retracement of the uptrend from $2,201 to $2,487. Given that the former support at $2,344 failed to hold and trigger a bounce.

The support is identified as the 61.8pc retracement of the uptrend from $2,201 to $2,487. Given that the former support at $2,344 failed to hold and trigger a bounce, the support at $2,310 may cause a moderate bounce.

A break below $2,310 could cause a fall to $2,268, while a break above $2,344 may lead to a gain to $2,378.

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