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New York December cocoa ICEUS:CC1! may retest a resistance at $5,665 per metric ton, with a good chance of breaking above it and rising to $5,793.A small inverted head-and-shoulders has been confirmed, suggesting a target of $5,793. The correction triggered by the resistance at $5,665 is considered…
New York December cocoa ICEUS:CC1! may retest a resistance at $5,538 per metric ton, a break above which could lead to a gain into $5,665-$5,793 range.A projection analysis suggests a completion of a wave c from $6,206, as a decent bounce occurred around the key support at $5,124, the 100% level an…