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CocoaPodandBeans

COCOA: Overbought; Strong 2-week Gains; Has Supply Fundamentals For More Up

Sizable gains over the last four sessions leave the cocoa market vulnerable to a near-term pullback. December cocoa rallied sharply yesterday and back up to the highest level since July 15th. A slumping Dollar (particularly against the Eurocurrency and British Pound) has shored up cocoa’s European demand outlook. In addition, a Brazilian trade group expects […]

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