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24.9. 14:01_Cocoa_SHORT

Cocoa Short. Cocoa is now attacking the support line at around 2550. It must be borne in mind that cocoa consumption is declining worldwide. This is due, among other things, to the fact that measures against the spread of coronavirus are closing borders as well as restaurants. Fear of the “second wave” could push the price even lower. Another strong support is 100 points lower.

Chart and Table source: WebTrader

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