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.
Oil crashes the stock market party
Morning wrap: Wall Street and precious metals attempt to stabilize as oil gains nearly 2%
Daily summary: Wall Street recovers losses despite a surge in yields 🗽 Gold and silver retreat
Large decline in crude inventories 🛢️📉
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