Cocoa Prices Rebound on Technical Short Covering
May ICE NY cocoa (CCK26 ) on Thursday closed up +31 (+0.99%), and May ICE London cocoa #7 (CAK26 ) closed up +28 (+1.20%). Cocoa prices recovered from 2.5-week lows on Thursday and settled higher. Oversold conditions sparked technical short covering in cocoa futures on Thursday, following the steady decline...
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