I last wrote about cocoa on Barchart on December 12, 2025, when I asked whether cocoa would remain above its long-term technical support level, the 1977 high of $5,104 per ton. I concluded with the following:
Cocoa has been one of the most volatile commodities since breaking out to the upside and reaching new all-time highs in 2024. Cocoa has been in a volatile bearish trend throughout 2025, and wide price variance is likely to continue into 2026. Long-term critical technical support is around $5,100 per ton, and the soft commodity has already violated that level. However, the level could become a crucial pivot point over the coming months.
