The Cocoa future arrested its 22 day decline today by adding $36 (1.24%)

Today at a glance: CME Cocoa rose $36 to close at $2,940 per metric tonne today which makes for a move of 1.24%.

Uptick comes while some more positive signs for the Cocoa future are out as United States Average Hourly Earnings beat analyst expectations of 0.3% and the previous reading of 0.3% with new data of 0.5%. United States Non Farm Payrolls came out at 253,000, better than analyst estimates of 180,000 and improving upon the previous reading of 165,000. Data for United States Unemployment Rate published today at 12:30 UTC came out at 3.4, beating projections of 3.6 and showing improvement over the preceding figure of 3.5.

Cocoa's upper Bollinger Band® is at $2,997.8, this is a slight indication of a slowdown.

After posting consistent gains as part of its uptrend and being lifted by intraday sentiment, technical factors suggest the Cocoa future is set for a reversal in the coming days.

A look at other Softs also shows upside as Sugar is trading around $26.44 after ending today's session at $25.52 (up 3.61% today). Coffee rallies 2.73% today and closed at $182.95. Notably, Cotton rose 2.81% today and closed at $81.76.

Having set a significant high of $2,981 14 days ago, the Cocoa future is trading 2.58% lower.