Cocoa Goes Crazy as It's Time to Be a `Raging Long-Term Bull'
- Looming El Nino will spark more price gains, Hackett says
- Citigroup forecasts supply deficits this year and next
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Cocoa prices took off Monday after Citigroup Inc. predicted the tightest supply situation in a decade. One analyst said that this could just be the start of the rally and it’s time to be a “raging long-term bull.”
Here’s what traders are watching: