NewsCocoa Prices Rebound as Oversold Conditions Spark Short Covering

Cocoa Prices Rebound as Oversold Conditions Spark Short Covering

December ICE NY cocoa (CCZ24 ) Friday closed up +14 (+0.21%), and December ICE London cocoa #7 (CAZ24 ) closed up +57 (+1.10%). Cocoa prices recovered from early losses on Friday and posted modest gains as oversold conditions in cocoa futures sparked technical short covering. Cocoa prices have slumped over…  » …

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