NASDAQ - Cocoa Futures Fall as Crop Prospects Improve | RJO Futures

September 28, 2016 9:05AM CDT

Peter Mooses, senior market strategist at RJO Futures in Chicago, said new fundamental bullish news would be needed to move the contract higher, but said the contract doesn't seem to have any reason to move below $2,750 a ton.

He suggested targeting $2,925 a ton in the near-term and said to look for further rallies only if the market moves about $2,975.


To read the full article with Peter's comments, please visit www.nasdaq.com


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