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| Price | ▼ 2.30% | ▼ 0.95% | ▲ 0.94% | ▼ 1.08% |
| Energy | ▼ 14.5 | ▼ 49.0 | ▲ 2.6 | ▼ 21.7 |
Trend of Neutral COCOA Daily
▸When COCOA is in Neutral:
- then COCOA moved to higher Market State: 115 times — 51.6%
- then COCOA moved to lower Market State: 108 times — 48.4%
▸Current COCOA market energy: 11.72%
- Distance to upper bound of Neutral (at 20.88%): 9.16%
- Distance to lower bound of Neutral (at -20.88%): 32.6%
"Why does archaeology matter?" — 2AITRADING
The system just recorded COCOA in the Neutral state after the Daily candle closed.
On the 2AiTrading energy system, Market Energy dropped -21.7% from the previous session, from 33.5% to 11.7%.
Time in Neutral energy zone: 1 Daily Candle
Traders using any methodology can reference Market Energy on 2AiTrading to consider adjustments to their strategy — including stoploss, takeprofit, or position sizing — depending on the situation.
Over the past 5 days, COCOA Market Energy ranged from +11.7 to +79.9.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did COCOA price and energy show when this Daily candle closed?
When the Daily candle at 07:00 on 07-03-2023 closed, COCOA was at 2,757, down 1.08% from the previous candle (2,787). Market Energy was 11.7%, down 21.7 points from 33.5%, in the Neutral state — the market is neutral. The Neutral zone spans -20.88% to 20.88%.
How much did COCOA price move on this Daily candle, and how large is that historically?
COCOA closed at 2,757, down 1.08% from the previous Daily candle (2,787). This drop is larger than 53% of past drops on the Daily timeframe for COCOA, across 1,045 candles since 2019.
How did COCOA Market Energy change from the previous candle?
Market Energy fell 21.7 percentage points from the previous candle — from 33.5% to 11.7%. This drop is larger than 64% of past drops on the Daily timeframe for COCOA.
Do COCOA price and energy agree?
Yes. Both price and energy moved down on this candle. This describes the candle that just closed; it does not say where price goes next.
What state was COCOA in on the previous Daily candle?
The previous Daily candle had COCOA at 33.5%, Bull Bias — when this candle closed, COCOA moved down to a lower zone: Bull Bias → Neutral.
Where does COCOA energy sit within the Neutral zone?
At 11.7%, COCOA is 9.16 points from the upper boundary of Neutral (20.88%) and 32.6 points from the lower boundary (-20.88%) — so energy sits closer to the upper boundary at candle close.
What does Neutral mean?
Neutral is one of 7 Market States in 2AiTrading's Market Energy model, applied consistently across every asset class, market and timeframe.
See the full Neutral definition →How are the broader market indices trending?
Based on each index's latest completed H1 candle as of this candle close: SPX500 (US equities) in Bear Bias with energy -39.8%; GER40 (European equities) in Neutral with energy -6.2%. Against this backdrop, COCOA (Neutral, 11.7%) has higher energy than SPX500; sits in the same state zone as GER40.
How is the US Dollar Index (DXY) trending?
Based on the latest completed H1 candle as of this candle close, the US Dollar Index (DXY) was in Bear Critical with Market Energy -60.1%. COCOA energy is currently above DXY by 71.8 points.
See the real-time energy chart for COCOA.
Open Energy ChartSee the full 2AiTrading Model data for COCOA on the COCOA overview →
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