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Barchart
Barchart
Rich Asplund

Coffee Prices Rebound on Technical Short Covering

Ice Brazil USDA ICO

December arabica coffee (KCZ26) closed up +4.80 (+1.68%) on Monday, and November ICE robusta coffee (RMX26) closed up +10 (+0.28%).

Coffee prices recovered from early losses on Monday and settled higher on technical buying. Fund short covering emerged on Monday after a 3-week selloff pushed coffee prices into extremely oversold territory.

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