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(March 1, 2002) COCOA: May cocoa gained $45 per tonne to $1495 on a lack of any real selling against commercial buying. We had favored the long side of cocoa for a move to the $1475-1500 level and with that objective achieved, we are on the sidelines for now.

John L. Caiazzo
www.acuvest.com
E-mail: futures@acuvest.com

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