TECHNICALS-NY cocoa could test support at $4,315

ReutersMay 8, 2026 8:18 AM

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SINGAPORE, May 8 (Reuters) - New York July cocoa CCN6 could test support at $4,315 a metric ton, a break below which could trigger a fall into a range of $4,167-$4,230.

After its failure to break resistance at $4,555, the contract started a correction. A gap has been partially covered, which looks like an exhaustion type, as it appeared after a prolonged sharp rise.

The gap generally is seen at the end of a rally. Resistance is at $4,463, a break above which could lead to a gain into a range of $4,555-$4,629.

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.

*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.

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