Reuters - SOFTS-Cocoa rallies on speculative buying, Ivorian unrest

May 12, 2017 3:16PM CDT

"Last week's COT report showed oversold levels, traders bought back in the market this week and covered their positions. Technically, key levels have been met and broken – a close above 2000 would solidify the short-term turnaround," said Peter Mooses, senior market strategist for RJO Futures in Chicago.

 

To read the rest of the article with more of Peter's comments, click here.

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