Technical Short Covering Lifts Cocoa Prices
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May ICE NY cocoa (CCK25 ) today is up +250 (+3.19%), and May ICE London cocoa #7 (CAK25 ) is up +149 (+2.44%). Cocoa prices today are climbing on some technical short covering after the recent price slide left some price indicators oversold. Cocoa prices have been on the defensive…
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