Cocoa Futures at a Turning Point: Critical Market Analysis Traders Can't Miss

Headshot of Trent Klarenbach, founder of Klarenbach Research
Trent Klarenbach
November 28, 2024
Cocoa Futures at a Turning Point: Critical Market Analysis Traders Can't Miss
November 28, 2024
Is the Cocoa futures market on the verge of a major move? We examine the weekly Cocoa chart to break down the market's four stages and highlight recent resistance at the 50% Fibonacci retracement near $9,074. With potential bullish and bearish scenarios unfolding, we show critical levels to keep an eye on for future market direction.

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