Why Did It Move?
Explain recent market movement with supporting and conflicting evidence.
Move Explainer
Select a common watchlist symbol to explain the latest move using price, drivers, COT, events, and narrative context.
Explanation
COCOA over 1D
Cocoa appears to have moved with cot positioning and event risk as the largest current context inputs. This is explanatory market context only.
Price Change
-0.26%
Driver Count
4
Primary explanatory inputs
Likely Primary Drivers
COT positioning: Crowded long at 91th percentile
Event risk: 0 high-impact related event(s)
Medium-term trend: -0.30% over seeded 1M window
Spot momentum: -0.26% daily change
Conflicting Evidence
Medium-term trend is mixed, which reduces conviction.
Volatility pressure is neutral, which reduces conviction.
COT positioning is mixed, which reduces conviction.
Watch Next
High-impact events in the next 72 hours
Whether related correlations remain stable
Whether COT/crowding context amplifies volatility