July ICE NY cocoa is up 112 points (+2.95%) and July ICE London cocoa #7 is up 77 points (+2.68%) as fund short covering lifts prices after a 6% decline over the prior three sessions. The move appears driven by positioning and technical rebound dynamics rather than a fresh fundamental catalyst.
July ICE NY cocoa is up 112 points (+2.95%) and July ICE London cocoa #7 is up 77 points (+2.68%) as fund short covering lifts prices after a 6% decline over the prior three sessions. The move appears driven by positioning and technical rebound dynamics rather than a fresh fundamental catalyst.
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mildly positive
Sentiment Score
0.20
