Analysis

COCOA 5,672.65 ↓0.66%: Bulls & Bears in a tug-of-war · 1H 21:00 Oct 23, 2026

·
Candle close
Price and energy
Open 5,709.15 · High 5,717.65 · Low 5,647.15 · Close 5,672.65 · Range (high − low) 70.5
COCOA closed at 5,672.65, down 37.5 (-0.66%) from 5,710.15.
Bull–Bear energy behind the price: the market moved from the Bull Bias zone at 24.4% to Neutral at 16.2%, down 8.3 points.
Price and energy are moving down together.
Price and energy · last 4 candles
Price5,642.75,671.25,710.25,672.7
Energy-57.5%-40.0%24.4%16.2%
Price change↓ 0.23%↑ 0.51%↑ 0.69%↓ 0.66%
Energy change↓ 15.9↑ 17.6↑ 64.4↓ 8.3
Volatility trend chart · last 4 sessions
↓ 0.23%↑ 0.51%↑ 0.69%↓ 0.66%↓ 15.9↑ 17.6↑ 64.4↓ 8.3
Δ priceΔ energy↑ up · ↓ down
Volatility · vs history since 2019
Price down 0.66% — higher than 75% of past drops
0%255075100%
Energy down 8.3 pts — higher than 43% of past drops
Knowledge

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

RESEARCH

Trend of Neutral COCOA 1H

Sample: 19,994 1H candles from 2013-01-03 to 2026-10-23
Number of Neutral occurrences: 1,555 times

▸When COCOA is in Neutral:

  • then COCOA moved to higher Market State: 802 times — 51.6%
  • then COCOA moved to lower Market State: 753 times — 48.4%

▸Current COCOA market energy: 16.19%

  • Distance to upper bound of Neutral (at 20.88%): 4.69%
  • Distance to lower bound of Neutral (at -20.88%): 37.07%

"History always repeats itself, one way or another" — 2AITRADING

COCOA · H1 · 2026-10-23 13:00 UTC
Preview the last 30 candles — price and energy
View live COCOA chart →
Market Energy
24.4%
Bull Bias
16.2%
Neutral
38.8%
Bull Bias
Zone
-20.88 – 20.88
Bias
Balanced
Explanation

With the 1H candle just closed, COCOA shows the neutral energy level.

Looking at the energy level, Market Energy dropped -8.3% from the previous candle, from 24.4% to 16.2%.

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 -99.1 to 99.9.

Frequently asked questions

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

When the 1H candle closed at 21:00 on 23-10-2026, COCOA was at 5,672.65, down 0.66% from the previous candle (5,710.15). Market Energy was 16.2%, down 8.3 points from 24.4%, 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 5,672.65, down 0.66% from the previous 1H candle (5,710.15). This drop is larger than 75% of past drops on the 1H timeframe for COCOA, across 19,304 candles since 2019.

How did COCOA Market Energy change from the previous candle?

Market Energy fell 8.3 percentage points from the previous candle — from 24.4% to 16.2%. This drop is larger than 43% of past drops on the 1H timeframe for COCOA.

Do COCOA price and energy agree?

Yes. On this candle price fell and energy fell — both moved the same way. This describes a closed candle, not a forecast of where price goes next.

What state was COCOA in on the previous 1H candle?

The previous 1H candle had COCOA at 24.4%, 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 16.2%, COCOA is 4.69 points from the upper boundary of Neutral (20.88%) and 37.07 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 -59.3%; GER40 (European equities) in Bear Extreme with energy -74.8%. Against this backdrop, COCOA (Neutral, 16.2%) 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 Bear Bias with Market Energy -22.1%. COCOA energy is currently above DXY by 38.3 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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