Cocoa prices surged above $10,000 a ton due to global supply fears. Investors have been systematically selling long positions to reduce risk and monetize gains, effectively selling into the rally. Cocoa is poised to make another run for all-time highs.
They're coming for our chocolate again! Cocoa looks poised to make another run for all-time highs 🍫 https://t.co/arF0BNUVbY
Rollercoaster: Cocoa Prices Surge Above $10,000 A Ton As Global Supply Fears Worsen https://t.co/geEGPkT5MF
Cocoa was “a source of significant performance.” However, it has been “systematically selling/trimming” the long positions for most of this year, effectively selling into the rally, “thus reducing risk and monetizing gains,” #reducinggains #trendfollowing? https://t.co/LJyASaz0nW
Cocoa was “a source of significant performance.” However, it has been “systematically selling/trimming” the long positions for most of this year, effectively selling into the rally, “thus reducing risk and monetizing gains,” #reducinggains https://t.co/LJyASaz0nW
The global cocoa market is in meltdown. Toblerones could soon become luxury goods https://t.co/Q3N5ZF77gW 👇