ICE cocoa futures recovered from 2.5-week lows on Friday, with July ICE NY cocoa up 29 points, or 0.77%, and July ICE London cocoa up 10 points, or 0.45%. The move was attributed to short covering ahead of a long holiday weekend, indicating a positioning-driven bounce rather than a fundamental shift.
ICE cocoa futures recovered from 2.5-week lows on Friday, with July ICE NY cocoa up 29 points, or 0.77%, and July ICE London cocoa up 10 points, or 0.45%. The move was attributed to short covering ahead of a long holiday weekend, indicating a positioning-driven bounce rather than a fundamental shift.
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neutral
Sentiment Score
0.15
