Analysis

COCOA 5,684.65 ↓3.92%: Bulls & Bears in a tug-of-war · D Oct 22, 2026

·
Candle open
Price and energy
Open 5,879.45 · High 5,908.95 · Low 5,628.45 · Close 5,684.65 · Range (high − low) 280.5
COCOA closed at 5,684.65, down 231.8 (-3.92%) from 5,916.45.
Bull–Bear energy behind the price: the market moved from the Bull Bias zone at 21.3% to Neutral at -12.6%, down 34.0 points.
Price and energy are moving down together.
Price and energy · last 4 candles
Price5,761.15,8855,916.55,684.7
Energy-31.7%-2.3%21.3%-12.6%
Price change↑ 0.03%↑ 2.15%↑ 0.53%↓ 3.92%
Energy change↑ 0.5↑ 29.5↑ 23.6↓ 34.0
Volatility trend chart · last 4 sessions
↑ 0.03%↑ 2.15%↑ 0.53%↓ 3.92%↑ 0.5↑ 29.5↑ 23.6↓ 34.0
Δ priceΔ energy↑ up · ↓ down
Volatility · vs history since 2019
Price down 3.92% — higher than 90% of past drops
0%255075100%
Energy down 34.0 pts — higher than 81% of past drops
Knowledge

Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.

RESEARCH

Trend of Neutral COCOA Daily

Sample: 2,650 Daily candles from 2013-01-03 to 2026-10-21
Number of Neutral occurrences: 226 times

▸When COCOA is in Neutral:

  • then COCOA moved to higher Market State: 117 times — 51.8%
  • then COCOA moved to lower Market State: 109 times — 48.2%

▸Current COCOA market energy: -12.65%

  • Distance to upper bound of Neutral (at 20.88%): 33.53%
  • Distance to lower bound of Neutral (at -20.88%): 8.23%

"Does history really repeat itself?" — 2AITRADING

COCOA · D1 · 2026-10-22 00:00 UTC
Preview the last 30 candles — price and energy
View live COCOA chart →
Market Energy
21.3%
Bull Bias
-12.6%
Neutral
Expected at
07:10
Zone
-20.88 – 20.88
Bias
Balanced
Explanation

After the Daily candle closes, COCOA currently in the neutral energy level.

On the 2AiTrading energy system, The energy level dropped -34%: from 21.3% now at -12.6%.

Time in Neutral energy zone: 1 Daily Candle

2AiTrading Market Energy Model

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.

Market context
Historical perspective

Over the past 5 days, COCOA Market Energy ranged from -31.7 to 21.3.

Frequently asked questions

What did COCOA price and energy show when this Daily candle closed?

When the Daily candle closed at 07:00 on 22-10-2026, COCOA was at 5,684.65, down 3.92% from the previous candle (5,916.45). Market Energy was -12.6%, down 34.0 points from 21.3%, 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 5,684.65, down 3.92% from the previous Daily candle (5,916.45). This drop is larger than 90% of past drops on the Daily timeframe for COCOA, across 1,958 candles since 2019.

How did COCOA Market Energy change from the previous candle?

Market Energy fell 34 percentage points from the previous candle — from 21.3% to -12.6%. This drop is larger than 81% 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 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 21.3%, 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 -12.6%, COCOA is 33.53 points from the upper boundary of Neutral (20.88%) and 8.23 points from the lower boundary (-20.88%) — so energy sits closer to the lower 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 Extreme with energy -79.5%; GER40 (European equities) in Bear Bias with energy -28%. Against this backdrop, COCOA (Neutral, -12.6%) has higher energy than SPX500, 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 Bias with Market Energy -21%. COCOA energy is currently above DXY by 8.4 points.

Real-time Energy Chart

See the real-time energy chart for COCOA.

Open Energy Chart
Related analysis
Methodology

Data computed by 2AiTrading's proprietary Market Energy model. Snapshot captured at candle close. See methodology →

See the full 2AiTrading Model data for COCOA on the COCOA overview →

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