COCOA LATEST

COCOA INTRADAY

TUESDAY 12. APRIL

Jan. 01. @ 2520

Feb. 01. @ 2610

Mar. 01. @ 2.521

Apr. 01. @ 2.599

Spot and nearby Cocoa contracts

COCOA SEASONALITY CHART

The Cocoa seasonality chart compares this year to earlier years. Red signal market in a weaker seasonal period. Blue signal market in a stronger seasonal period.

Following Seasonality for Cocoa prices in 2022 is performing YTD + 7 % as of April 10th.

The current trading period for Cocoa prices is strong until mid June. Historically,  the ongoing season has seen Cocoa prices rise rather than fall.

COCOA PRICE DEVELOPMENT

Daily closings through the lens of strength and weakness.

COCOA PRICES THIS YEAR VS LAST YEAR

Cocoa prices for the current year vs last year.

COCOA PRICES THIS YEAR VS 2 YEARS AGO

COCOA PRICES THIS YEAR VS 3 YEARS AGO

COCOA PRICE CHANGES

COCOA MACD AND RSI

COCOA PRICES WEEKLY ( LONGER PERSPECTIVE )

Average weekly trading range in 2022: 144.

Each bar is derived from one week of trading activity. 

After week 18, A Red outside bar on a weekly scale indicating attempts of going higher but then coming back down. There is no clear upcoming direction to this latest week but the Red colour is pushing weakness for now.

After week 16, there is a lower low and a lower high on a weekly scale. This is indicating weakness rather than strength for next week.

After week 14, Cocoa prices are basically pausing sideways without a clear direction for now. Seasonality is showing strength over the next couple of months.

After week 11, there is a lower low and a lower high indicating weakness rather than strength.

After week 10, choppyness continues. Unchanged for the week but building a higher high and a higher low in the weekly chart above.

After week 09, Prices are lower for Cocoa. October high and February high are so far capping the further rise to the prices. The lower low and the lower high is pointing lower for now.

After week 07, Cocoa prices are within the range of last week but building a Blue coloured bar. There is a higher high in the weekly chart, which is a postive for higher prices to (potentially) come.

After week 06, Cocoa is moving 5% higher showing a higher high and a higher low.  

After week 05, Cocoa is making a higher high and a higher low indicating real renewed strength with its 7% gain.

After week 04, Cocoa prices are moving lower on a weekly scale. This is indicated by the lower low and the lower high in this latest red bar.

COCOA MONTHLY ( LOOONGER PERSPECTIVE )

The monthly tradingrange for Cocoa prices in April was 222 points.

Mar. 257 points, Feb. 323 points, Jan. 287 points, Dec. 243 points, Nov. 264 points.

Each bar is derived from one month of trading activity. Chart is updated after the end of the month.

After April 2022, Cocoa prices are seeing an inside bar with its monthly lower low and high. 

Markets are awaiting direction post this consolidation.

After March 2022, Cocoa is having a lower low and a lower high on a monthly scale indicating weakness rather than strength. For now, the chart looks choppy.

After February 2022, Markets see Cocoa prices building a higher high and a higher low on a monthly scale. This should indicate a positive for higher prices to come.

After January 2022, Cocoa prices are higher than they were in December. The monthly chart is showing a higher high and a higher low indicating strength rather than weakness.

COCOA MONTHLY PRICE CHANGES

COCOA MONTHLY INTRADAY.SE

COCOA PRICES QUARTERLY

Cocoa quarterly developments. Q1 2022 ranged 430 points low to high or high to low. This may differ from the look of the formulated chart below.

This chart shows the development of Cocoa prices per quarter, where each bar counts as one quarter (3 mnths) of trading activity. Q1 = Jan - Mar,  Q2 = Apr - Jun, Q3 = Jul - Sep, Q4 = Oct - Dec.

Q1 2022, Cocoa prices are making a higher high and a higher low. This is signalling strength rather than weakness.

COCOA PRICES YEAR BY YEAR

Cocoa yearly chart of Cocoa prices, every year since 1970.

 

In 2021, Cocoa prices ranged "only" 25% from year low to year high. The chart above is created as an Heikin Ashi chart, thereby given different outcomes of highs and lows than a normal bar chart because of its formula.

The strongest message from this chart is the importantance of a bar's higher low (lower high) which is indicating further development.

COCOA AT INSTAGRAM

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COCOA PRICES IN 2021

Comments and weekly chart from latter part of 2021.

Each bar is derived from one week of trading activity. 

After week 50, Cocoa prices are seeing a higher high and a higher low for its weekly scale. This is a positive sign for potentially higher prices to come.

After week 49, a higher low is in place but an inside bar and no change for the week. Prices are still in a seasonal weak period.

After week 48, there is a lower low and a lower high in the weekly chart. Seasonality points to potentially more weakness.

After week 47, Cocoa prices are more than 7% lower than after last week. There is a lower low and a lower high. Low point 2.388 and High point 2.598.

After week 46, Cocoa prices are now higher making a higher high and a higher low on the weekly scale.

After week 45, Cocoa prices continue lower as shown through the lower lows and the lower highs. In order to break this downsloping trend prices should quickly raise above the last week high measure around the 2.540 level.

After week 42, Cocoa prices are clearly making a lower low and a lower high for the weekly time scale indicating weakness.