Cocoa Prices Are Stuck Against Key Resistance Levels. Is a Breakout Possible Here?

By Yahoo! Finance   |   4 days ago
Cocoa Prices Are Stuck Against Key Resistance Levels. Is a Breakout Possible Here?

The zinc market is experiencing a deficit in 2024 due to increased mine supply and soft demand from China, with a forecasted return to surplus in 2025. Prices are supported by tight inventories and contango in futures, indicating traders' optimism for higher prices.

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