Skip to main content

Read IFPC’s response to COVID-19.

New York Cocoa Could Rise to July 8 High of $2,606

(Business Recorder) – New York December cocoa could break a resistance at $2,546 a tonne and rise towards the July 8 high of $2,606.

The resistance is identified as the 86.4pc retracement of the downtrend from $2,606 to $2,165.

It works as the last barrier towards $2,606.

Based on the consolidation range of $2,438-$2,502, cocoa may rise to $2,606. A correction from the current level may be limited to $2,502.

Note: Cocoa report is published twice a week – Wednesday and Friday.

Charts are not available in reports received in email box through “Alert”. To get charts, use the news code of to retrieve the original reports.

Browse Other Categories