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Cocoa Futures Bearish By 5% In The Last 10 Sessions

ViaNews Editorial Team

September 4, 2024

Cocoa Futures Bearish By 5% In The Last 10 Sessions
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(VIANEWS) - Cocoa (CC) has been up by 5.12% for the last 10 sessions. At 05:50 EST on Wednesday, 4 September, Cocoa (CC) is $7,240.00.

Volume

Today's last reported volume for Cocoa is 663, 99.99% below its average volume of 9388337.74.

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 trying to hold steady at the low end of near-term chop. According to FXStreet on Monday, 2 September, "With Chinese business activity stumbling into a steeper-than-forecast rut, markets are growing apprehensive that a drag in Chinese Crude Oil demand growth could leave the global oil market with a permanent overhang.", "OPEC's extended league of non-member allies, OPEC+, is set to beginning easing back on voluntary production caps as smaller countries buckle under the weight of lopsided pumping limits meant to keep global Crude Oil prices buoyed. "

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.