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Cocoa Futures Over 8% Up In The Last 10 Sessions

ViaNews Editorial Team

February 22, 2023

Cocoa Futures Over 8% Up In The Last 10 Sessions
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(VIANEWS) - Cocoa (CC) has been up by 8.02% for the last 10 sessions. At 07:52 EST on Wednesday, 22 February, Cocoa (CC) is $2,789.00.

Volume

Today's last reported volume for Cocoa is 3264, 99.97% below its average volume of 15424654.44.

Volatility

Cocoa's last week, last month's, and last quarter's current intraday variation average was a positive 0.22%, a negative 0.05%, and a positive 1.36%, respectively.

Cocoa's highest amplitude of average volatility was 0.61% (last week), 0.67% (last month), and 1.36% (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

  • According to FXStreet on Tuesday, 21 February, "Against the backdrop of weaker Crude Oil prices, softer Canadian consumer inflation figures weigh on the commodity-linked Loonie and provide a modest lift to the USD/CAD pair."
  • WTI crude oil forecast: choppy behavior in thin volume - 21 February 2023. According to DailyForex on Tuesday, 21 February, "During Monday's trading session, the West Texas Intermediate Crude Oil market rallied a bit, but we saw a lot of noisy and choppy behavior in thin volume, due to the Presidents' Day holiday. ", "In summary, during Monday's trading session, the West Texas Intermediate Crude Oil market rallied a bit, but we saw a lot of noisy and choppy behavior in thin volume. "

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.