New York cocoa may fall toward $4,704 per ton in Q4 after failed resistance
Reuters technical analysis by Wang Tao says NY cocoa could drop toward $4,704/mt in Q4 after failing to break $6,766, with a further level at $4,001 if $4,704 breaks.
Site Search
Search market news
Find public news by keyword, exact ticker, category and date.
Matching instruments
Open a ticker page for its news coverage. The news search below stays a text search.
News Feed
2 results loaded, newest first. End of these results. The latest changes are still being indexed. Try again shortly for updated results.
NY cocoa may fall toward $4,704 in Q4
New York cocoa ICEUS:CC1! may fall toward $4,704 per metric ton in the fourth quarter, following its failure to break a key resistance at $6,766.The failure was mainly due to the completion of a five-wave cycle from $2,861. Theoretically, the current correction could extend to the bottom of the wav…