Analysis

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Candle close
Price and energy
COCOA from 5,371.5 to 5,339, down 0.60%
Market Energy Bull Bias 32.3% to Neutral 2.0%, down 30.2 pts
Down candle #3 in a row—Price and energy are in agreement
Price and energy change · last 4 candles
Price▲ 0.22%▼ 1.04%▼ 0.72%▼ 0.60%
Energy▲ 0.2▼ 10.9▼ 24.2▼ 30.2
Volatility trend chart · last 4 sessions
▲ 0.22%▼ 1.04%▼ 0.72%▼ 0.60%▲ 0.2▼ 10.9▼ 24.2▼ 30.2
priceenergy▲ up · ▼ down
Volatility · vs history since 2019
Price down 0.60% — higher than 73% of past drops
0%255075100%
Energy down 30.2 pts — higher than 79% of past drops
RESEARCH

Trend of Neutral COCOA 1H

Sample: 19,781 1H candles from 2013-01-03 to 2026-09-23
Number of Neutral occurrences: 1,538 times

▸When COCOA is in Neutral:

  • then COCOA moved to higher Market State: 793 times — 51.6%
  • then COCOA moved to lower Market State: 745 times — 48.4%

▸Current COCOA market energy: 2.01%

  • Distance to upper bound of Neutral (at 20.88%): 18.87%
  • Distance to lower bound of Neutral (at -20.88%): 22.89%

"Does history really repeat itself?" — 2AITRADING

COCOA · H1 · 2026-09-23 10:00 UTC
Preview the last 30 candles — price and energy
View live COCOA chart →
Market Energy
32.3%
Bull Bias
2.0%
Neutral
4.3%
Neutral
Zone
-20.88 – 20.88
Bias
Balanced
Explanation

The system just recorded COCOA in the Neutral level after the 1H candle closed.

On the 2AiTrading energy system, Market Energy dropped -30.2% from the previous candle, from 32.3% to 2%.

Time in Neutral energy zone: 1 1H 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 -95.7 to +94.6.

Knowledge

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

Frequently asked questions

What did COCOA price and energy show when this 1H candle closed?

When the 1H candle at 17:00 on 23-09-2026 closed, COCOA was at 5,339, down 0.61% from the previous candle (5,371.5). Market Energy was 2%, down 30.2 points from 32.3%, 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 1H candle, and how large is that historically?

COCOA closed at 5,339, down 0.61% from the previous 1H candle (5,371.5). This drop is larger than 73% of past drops on the 1H timeframe for COCOA, across 19,081 candles since 2019.

How did COCOA Market Energy change from the previous candle?

Market Energy fell 30.2 percentage points from the previous candle — from 32.3% to 2%. This drop is larger than 79% of past drops on the 1H 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 1H candle?

The previous 1H candle had COCOA at 32.3%, 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 2%, COCOA is 18.87 points from the upper boundary of Neutral (20.88%) and 22.89 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 -29.8%; GER40 (European equities) in Bear Extreme with energy -99%. Against this backdrop, COCOA (Neutral, 2%) 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 Bull Critical with Market Energy 72.8%. COCOA energy is currently below DXY by 70.8 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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