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Wednesday, April 26, 2006

Coffee Perks Up On Short Covering

Coffee perks up on short covering: Bulls and bears are still battling it out for control of the Coffee market, as bulls regained the upper end today on speculative short-covering. After yesterday's nearly 500 point drop, bargain hunters emerged at the opening, bidding up prices. Weak bears then joined in the buying spree, covering short positions before the frost season starts in Brazil. Read More....