Cocoa Market

Removing the Guesswork

We discuss the cocoa futures market as of October 3, 2024 analyzing the significant price rise from March 2023 through an 11,700 peak, emphasizing its impact on consumers.

The analysis covers the four stages of market structure, focusing on the current, possibly distribution phase, and critical technical indicators at the 7,000 level.

The price action relative to the 50-week moving average and potential cross of the 50-day below the 200-day moving average ('death cross') on daily charts are critical factors for future price movements.

We advise monitoring these indicators for signs of a potential stage four decline.