November 25, 2024
We’re breaking down the cocoa futures chart to see where prices have been and where they might go next. After a breakout in early 2023, cocoa saw a massive rally into 2024 before pulling back. The big question now: is this a Stage 3 distribution or just a pause before another move higher? We’ll look at key technical levels, including trend lines and moving averages, to make sense of the current setup. Review our November 7, 2024 Cocoa Futures Analysis: https://youtu.be/qmM6bG8wZMQ
