The March New York Cocoa futures just completed a head-and-shoulders (H&S) failure pattern today, signaling some intriguing moves ahead. If the recovery stalls, we could see a drop targeting the 4210 level. However, hold that thought—if cocoa manages to reclaim the 6000 mark, the whole thesis flips.

This type of pattern breakdown often triggers quick adjustments in commodity futures, especially with cocoa's volatile nature. Traders watching CCH26 should keep close eyes on these two critical levels. The 6000 zone acts as immediate resistance, while 4210 becomes the downside target if bears take control. Right now it's a showdown between bulls and bears, and the next few sessions could be telling.