Cocoa prices sharply up again

Cocoa prices are rising sharply once again, gaining 2.7% on Tuesday. Prices are up nearly 15% over the past 2 months, partly on the back of stronger British pound as a large portion of the commodity is sold in this currency. Technically market faces a resistance zone around $2550.

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Daily summary: Oil slumps 8% supporting Wall Street, precious metals and EURUSD

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