Saad Ullah
⬤ Cocoa futures dropped 2.8% today, putting them right at a crucial double bottom support level. As of January 14, 2026, cocoa's testing a technical zone that could spark a reversal if buyers step in. This is a make-or-break moment—hold here and we could see prices bounce back. Break below, and traders need to watch for a move down to the next safety net: that downsloping yellow trendline.
⬤ Right now, cocoa's sitting at this pivotal support, and there's potential for a short-term bounce if the market can hold its ground. If this level proves solid, the first target on the upside is that white horizontal line—a resistance zone worth watching closely. But if support crumbles and prices keep sliding, that yellow trendline becomes the next critical level where buyers might show up.
⬤ The recent drop doesn't tell the whole story. The price action here is setting up what could be a classic double bottom—a pattern that often signals a reversal is brewing. If cocoa stays above this support, traders will be eyeing that white line resistance for confirmation that momentum's shifting upward. But a clean break below the double bottom opens the door to test that yellow trendline, which could be the next real buying opportunity if the market finds its footing there.
Saad Ullah
