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Cocoa Futures Bearish By 5% In The Last 10 Sessions

Cocoa Futures Bearish By 5% In The Last 10 Sessions
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(VIANEWS) - Cocoa (CC) has been up by 5.32% for the last 10 sessions. At 05:54 EST on Thursday, 25 July, Cocoa (CC) is $8,080.00.

Volume

Today's last reported volume for Cocoa is 777, 99.99% below its average volume of 9601394.09.

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

  • Crude oil struggles to recover footing on Tuesday despite API barrel count contraction. According to FXStreet on Tuesday, 23 July, "Daily candlesticks paint a notable bearish picture, with US Crude Oil prices threatening to backslide to early June's bottom bids near $72.50 and price action descending almost unimpeded below the 200-day EMA at $79.23.", "West Texas Intermediate (WTI) briefly fell below $77.00 per barrel on Tuesday before a meager recovery that left US Crude Oil markets grappling with a fresh bout of broad-market bearishness."

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.