New York cocoa remains technically neutral, move between $3,054 and $3,131 per tonne.
If market reach $3,131, price may extend to $3,200, an upper channel line resistance, while a break below $3,054 will trigger a fall to $3,018 first and $2,940 if the $3,018 level fails to hold up the fall.
The bias is still at the upside, as a short-term rising channel will be intact so long as cocoa stays above $3,018. ------
