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Cocoa Futures Bearish By 16% In The Last 21 Sessions

Cocoa Futures Bearish By 16% In The Last 21 Sessions
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(VIANEWS) - Cocoa (CC) has been up by 16.52% for the last 21 sessions. At 05:50 EST on Thursday, 18 July, Cocoa (CC) is $7,745.00.

Volume

Today's last reported volume for Cocoa is 391, 99.99% below its average volume of 9651198.89.

Volatility

Cocoa's last week, last month's, and last quarter's current intraday variation average was a negative 0.29%, a positive 0.82%, and a positive 1.83%, respectively.

Cocoa's highest amplitude of average volatility was 2.15% (last week), 1.65% (last month), and 1.83% (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 oversold (<=20).

News about

  • According to FXStreet on Tuesday, 16 July, "This adds to worries about a slowdown in the world's second-largest economy and waning fuel demand in the world's biggest oil importer, which, in turn, is seen as a key factor exerting some downward pressure on Crude Oil prices.", "Apart from this, concerns about supply disruptions stemming from the ongoing conflicts in the Middle East should act as a tailwind for Crude Oil prices and help limit deeper losses. "

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.