Average weekly trading range in 2022 as of after week 42: 127.

Each bar is derived from one week of trading activity.
After week 42, the trend for Cocoa prices are basically sideways and choppy over the last 4 months now. The latest weekly bar is showing a lower high with a lower low, indicating weakness for the medium term. Back above 2.395 could potentially trigger a start of a renewed up-trend.
After week 34, Cocoa prices are continuing to the weak side as for the last 3 months. The latest weeks could be a consolidation of the earlier longer downtrend and no reveral up is confirmed. To become stronger, prices should pass 2.500 and show a higher high on its weekly scale.
After week 24, Cocoaprices are lower on a weekly scale shown by the lower high and the lower low. Trading above 2.458 could change the present weaker trend.
After week 21, Cocoa is having a lower low and a lower high on a weekly scale indicating continued weakness.
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.