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| Price | ▼ 0.70% | ▲ 0.18% | ▲ 1.53% | ▼ 0.23% |
| Energy | ▼ 7.5 | ▼ 7.3 | ▼ 10.0 | ▼ 10.8 |
Trend of Bull Bias COCOA Daily
▸When COCOA is in Bull Bias:
- then COCOA moved to higher Market State: 111 times — 47.8%
- then COCOA moved to lower Market State: 121 times — 52.2%
▸Current COCOA market energy: 49.78%
- Distance to upper bound of Bull Bias (at 60%): 10.22%
- Distance to lower bound of Bull Bias (at 20.88%): 28.9%
"Let data guide you, but never trust it completely" — 2AITRADING
COCOA recorded in the Bull Bias zone as the Daily candle ended.
On trend energy, Market Energy dropped -10.8% from the previous candle, from 60.6% to 49.8%.
Time in Bull Bias 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 +49.8 to +78.
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 04-06-2024 closed, COCOA was at 8,863.6, down 0.23% from the previous candle (8,884.3). Market Energy was 49.8%, down 10.8 points from 60.6%, in the Bull Bias state — controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How much did COCOA price move on this Daily candle, and how large is that historically?
COCOA closed at 8,863.6, down 0.23% from the previous Daily candle (8,884.3). This drop is larger than 12% of past drops on the Daily timeframe for COCOA, across 1,357 candles since 2019.
How did COCOA Market Energy change from the previous candle?
Market Energy fell 10.8 percentage points from the previous candle — from 60.6% to 49.8%. This drop is larger than 44% of past drops on the Daily timeframe for COCOA.
Do COCOA price and energy agree?
Yes. This candle recorded price moving down in the same direction as energy. This describes a closed candle, not a forecast of where price goes next.
What state was COCOA in on the previous Daily candle?
The previous Daily candle had COCOA at 60.6%, Bull Critical — when this candle closed, COCOA moved down to a lower zone: Bull Critical → Bull Bias.
Where does COCOA energy sit within the Bull Bias zone?
At 49.8%, COCOA is 10.22 points from the upper boundary of Bull Bias (60%) and 28.9 points from the lower boundary (20.88%) — so energy sits closer to the upper boundary at candle close.
What does Bull Bias mean?
Bull Bias is one of 7 Market States in 2AiTrading's Market Energy model, applied consistently across every asset class, market and timeframe.
See the full Bull Bias 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 Bull Bias with energy 35.2%; GER40 (European equities) in Bear Bias with energy -50.9%. Against this backdrop, COCOA (Bull Bias, 49.8%) has higher energy than GER40; sits in the same state zone as SPX500.
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 Extreme with Market Energy -93.1%. COCOA (Bull Bias) and DXY currently sit on opposite sides.
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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