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Cocoa Futures Bearish By 17% In The Last 21 Sessions

Cocoa Futures Bearish By 17% In The Last 21 Sessions
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(VIANEWS) - Cocoa (CC) has been up by 17.01% for the last 21 sessions. At 05:54 EST on Wednesday, 7 August, Cocoa (CC) is $6,874.00.

Volume

Today's last reported volume for Cocoa is 905, 99.99% below its average volume of 9542341.73.

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, 6 August, "Concerns about an economic downturn in the US and China - the world's two largest economies - continue to act as a headwind for Crude Oil prices. ", "A sustained strength beyond might trigger a short-covering rally and lift Crude Oil prices to the $74.90-$75.00 region. "
  • According to FXStreet on Tuesday, 6 August, "This is expected to dent fuel demand and drags Crude Oil prices lower for the fourth straight day, which, in turn, is seen undermining demand for the commodity-linked Loonie. ", "Furthermore, the risk of a broader Middle East conflict continues to fuel concerns about supply disruptions from the key Oil producing region and could help limit losses for Crude Oil prices. "

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.