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2025-09-12 16:16:47
[Analyst: New York Cocoa Futures May Test $7,747 Resistance] ⑴ New York December cocoa futures may test the $7,747 resistance level per ton. ⑵ A break above this resistance level could trigger further upward movement into the $7,867 to $8,063 range. ⑶ The contract has broken through its descending trend line, indicating a reversal of the downtrend that began at $8,063. ⑷ The contract also broke through the $7,551 resistance level, with the next resistance level at $7,747. ⑸ A break below the current support level of $7,551 could trigger a decline toward the $7,235 to $7,393 range.
