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Cocoa Futures Bullish By 9% In The Last 21 Sessions

Cocoa Futures Bullish By 9% In The Last 21 Sessions
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(VIANEWS) - Cocoa (CC) has been up by 9.86% for the last 21 sessions. At 04:53 EST on Thursday, 2 March, Cocoa (CC) is $2,831.00.

Volume

Today's last reported volume for Cocoa is 0, 100% below its average volume of 14952993.91.

Volatility

Cocoa's last week, last month's, and last quarter's current intraday variation average was 0.88%, 1.03%, and 1.45%, respectively.

Cocoa's highest amplitude of average volatility was 0.88% (last week), 1.32% (last month), and 1.45% (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, 28 February, "The USD/CAD bulls, meanwhile, seem unaffected by a goodish pickup in Crude Oil prices, which tend to underpin the commodity-linked Loonie. "
  • According to FXStreet on Wednesday, 1 March, "Furthermore, an intraday downtick in Crude Oil prices might undermine the commodity-linked Loonie and supports prospects for the emergence of some dip-buying around the USD/CAD pair. "

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.