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.