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Market Impact: 0.18

Short Covering Lifts Cocoa Prices

Commodities & Raw MaterialsCommodity FuturesFutures & OptionsInvestor Sentiment & PositioningMarket Technicals & Flows

ICE NY cocoa rose 25 points to 0.66% and ICE London cocoa gained 6 points to 0.21% after recovering from 2.5-week lows. The move was driven by short covering ahead of a long holiday weekend, indicating a positioning-led rebound rather than a fundamental shift.

Analysis

ICE NY cocoa rose 25 points to 0.66% and ICE London cocoa gained 6 points to 0.21% after recovering from 2.5-week lows. The move was driven by short covering ahead of a long holiday weekend, indicating a positioning-led rebound rather than a fundamental shift.

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Market Sentiment

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mildly positive

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