(VIANEWS) - Cocoa (CC) has been up by 8.31% for the last 21 sessions. At 05:51 EST on Friday, 7 July, Cocoa (CC) is $3,298.00.
Volume
Today's last reported volume for Cocoa is 755, 99.99% below its average volume of 13156254.61.
Volatility
Cocoa's last week, last month's, and last quarter's current intraday variation average was 2.74%, 1.82%, and 3.21%, respectively.
Cocoa's highest amplitude of average volatility was 2.89% (last week), 2.04% (last month), and 3.21% (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 Friday, 7 July, "That said, EIA Crude Oil Stocks Change improved to -1.508 million barrels (M) for the week ended on June 30 versus -9.603M in previous readings."
- Crude oil forecast: markets navigate holiday trading - 05 July 2023. According to DailyForex on Wednesday, 5 July, "The West Texas Intermediate (WTI) Crude Oil market experienced a minor rally during Tuesday's trading session. ", "The WTI Crude Oil market witnessed a modest rally during holiday trading, with the 50-Day EMA acting as a resistance level. "
- Crude oil forecast: oil markets show signs of consolidation - 06 July 2023. According to DailyForex on Thursday, 6 July, "In the WTI Crude Oil market, the $67.50 level is expected to provide a certain degree of support if prices start to decline. ", "The summer range experienced by both WTI Crude Oil and Brent is a common occurrence during this time of year and is not indicative of any irregularities. "
- According to FXStreet on Thursday, 6 July, "That said, bullish Crude Oil prices underpin the commodity-linked Loonie and could act as a headwind for the USD/CAD pair, at least for the time being.", "This, along with Crude Oil price dynamics, should contribute to producing short-term trading opportunities around the USD/CAD pair ahead of the critical monthly jobs data from Canada and the US, due for release on Friday."
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