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Cocoa Stalls- What Will It Take For A Break To The Upside?

Cocoa Stalls- What Will It Take For A Break To The Upside?

April 24, 2019

Cocoa recently traded to the top end of its trading range at above the $2400 per ton level. In my latest piece for Seeking Alpha, I point out how despite the bullish grinding report and growing demand for chocolate around the world, cocoa continues to trade in a price band and buying on dips and taking profits on rallies has been the optimal strategy for approaching the soft commodity which is likely to continue.

Article: Cocoa Stalls- What Will It Take For A Break To The Upside?

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