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Cocoa Futures Bullish By 3% In The Last 10 Sessions

Cocoa Futures Bullish By 3% In The Last 10 Sessions
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(VIANEWS) - Cocoa (CC) has been up by 3.94% for the last 10 sessions. At 05:53 EST on Wednesday, 17 May, Cocoa (CC) is $2,980.00.

Volume

Today's last reported volume for Cocoa is 1866, 99.98% below its average volume of 13965816.85.

Volatility

Cocoa's last week, last month's, and last quarter's current intraday variation average was a negative 8.62%, a negative 5.99%, and a positive 3.09%, respectively.

Cocoa's highest amplitude of average volatility was 8.62% (last week), 6.06% (last month), and 3.09% (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 overbought (>=80).

News about

  • According to FXStreet on Monday, 15 May, "Apart from this, a modest bounce in Crude Oil prices from over a one-week low set earlier this Monday underpins the commodity-linked Loonie. "
  • Crude oil forecast: continues to see a lot of noise - 15 May 2023. According to DailyForex on Monday, 15 May, "Ultimately, the WTI Crude Oil market witnessed an initial decline but found support around the $70 level, while Brent crude oil also experienced a negative start, breaching the $75 level. "

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.