Oversold Conditions Spark Technical Short Covering in Cocoa
December ICE NY cocoa (CCZ25 ) on Monday closed up +93 (+1.50%), and December ICE London cocoa #7 (CAZ25 ) closed up +45 (+1.05%). Cocoa prices shook off early losses on Monday and turned higher on technical short covering after cocoa futures moved further into oversold territory. An excessive sort...
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