TECHNICALS — NY cocoa neutral in $5,681 — $5,829 range

For more technical analyses, please click TECH/C SINGAPORE, Oct 16 (Reuters) — New York December cocoa looks neutral in a range of $5,681-$5,829 per metric ton, and an escape could suggest a direction. The resistance at $5,994 triggered two corrections. The first correction October 14 defines a bigger neutral range of $5,681-$5,994. Trending signals will become clearer when the market gets out of the range. A break above $5,829 may lead to a gain into $5,920-$5,994 range while a break below $5,681 may open the way toward $5,533-$5,596 range. The cocoa report is published every Wednesday and Friday. * Wang Tao is a Reuters market analyst for commodities and energy technicals. The views expressed are his own. His analyses are exclusively published on Workspace - a platform provided by London Stock Exchange. ** No information in this analysis should be considered as being business, financial, or legal advice. 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. tech (Reporting by Wang Tao; Editing by Mrigank Dhaniwala) ((wang.tao@tr.com; +65 6973 8364/9188 4196 (Whatsapp)