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Cocoa Futures Bearish Momentum With A 24% Fall In The Last 21 Sessions

Cocoa Futures Bearish Momentum With A 24% Fall In The Last 21 Sessions
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(VIANEWS) - Cocoa (CC) has been up by 24.41% for the last 21 sessions. At 05:55 EST on Friday, 24 May, Cocoa (CC) is $8,171.00.

Volume

Today's last reported volume for Cocoa is 1073, 99.98% below its average volume of 9993264.22.

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 Wednesday, 22 May, "At the time of writing, Crude Oil (WTI) trades at $77.78and Brent Crude at $81.85."
  • Crude oil recedes further, WTI falls below $78 on rising supplies and cautious FOMC. According to FXStreet on Wednesday, 22 May, "West Texas Intermediate (WTI) US Crude Oil declined for a third straight day on Wednesday, falling below $78.00 per barrel once again after US Crude Oil barrel counts rose week-on-week after a previous decline. ", "WTI US Crude Oil is testing down into $77.00 per barrel, extending a near-term decline from a recent peak just above $80.00 per barrel. "
  • According to FXStreet on Thursday, 23 May, "USD/CAD had been trading significantly down for the day prior to the data on the back of a mixture of higher Crude Oil prices (CAD positive), positive risk appetite (CAD positive), better-than-expected Canadian Housing data and technical chart resistance. "
  • According to FXStreet on Thursday, 23 May, "West Texas Intermediate (WTI) US Crude Oil is trading up over a percent at $78.01 on Thursday."

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.