TraderEye Market View: A drama in the cocoa price that has gone unnoticed by many

Sunday, March 31, 2024

A drama in the cocoa price that has gone unnoticed by many

The traditional thinking is that coffee prices are correlated with cocoa prices, so think differently now, a huge drama in cocoa prices resulted in a fourfold jump in the price of cocoa while the price of coffee remained stable. This is an example of the need for robotic monitoring of trading prices that allows avoiding missing such an impressive movement.

Attached is a weekly graph showing the correlation that existed and disappeared between the price of cocoa and the price of coffee

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