May ICE NY cocoa closed up 168 ticks (+5.55%) and May ICE London cocoa closed up 61 ticks (+2.62%). The move was driven by a plunge in the dollar index to a 4-week low, which sparked short covering in cocoa futures, pushing prices sharply higher.
May ICE NY cocoa closed up 168 ticks (+5.55%) and May ICE London cocoa closed up 61 ticks (+2.62%). The move was driven by a plunge in the dollar index to a 4-week low, which sparked short covering in cocoa futures, pushing prices sharply higher.
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moderately positive
Sentiment Score
0.35
Ticker Sentiment
