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Cocoa Futures Over 4% Down In The Last 10 Sessions

Cocoa Futures Over 4% Down In The Last 10 Sessions
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(VIANEWS) - Cocoa (CC) has been up by 4.21% for the last 10 sessions. At 14:51 EST on Sunday, 12 March, Cocoa (CC) is $2,638.00.

Volume

Today's last reported volume for Cocoa is 26341, 99.82% below its average volume of 15050188.27.

Volatility

Cocoa's last week, last month's, and last quarter's current intraday variation average was 0.95%, 1.66%, and 1.39%, respectively.

Cocoa's highest amplitude of average volatility was 2.07% (last week), 1.87% (last month), and 1.39% (last quarter), respectively.

Commodity Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Cocoa's commodity is considered to be overbought (>=80).

News about

  • Crude oil forecast: still looks somewhat lost - 10 March 2023. According to DailyForex on Friday, 10 March, "The WTI Crude Oil market experienced a bit of a rally during Thursday's trading session but remains stuck in a range due to a lot of back-and-forth noisy behavior. ", "Until the market breaks out of its current range, traders should assume that it will continue to move back and forth between the $72.50 and $82.50 levels for the WTI Crude Oil market and the $77.50 and $89 levels for the Brent market. "
  • According to FXStreet on Friday, 10 March, "The selling pressure around Crude Oil prices remains unabated for the fourth straight day, which undermines the commodity-linked Loonie and acts as a tailwind for the USD/CAD pair. "

More news about Cocoa (CC).

ViaNews Editorial Team

Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.