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Wednesday, June 07, 2006

Cocoa Holds Major Support

Cocoa holds major support: Bucking the sell-off in precious metals and energy futures, July Cocoa finished the day higher, as a test of major support was met with buying interest. Traders were looking for a lower opening this morning, after yesterday's decline left the market precariously close to key support at 1455. However, buyers emerged from the opening, pushing prices higher. Read More....