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Cocoa Futures Bullish Momentum With A 23% Rise In The Last 21 Sessions

ViaNews Editorial Team

February 22, 2024

Cocoa Futures Bullish Momentum With A 23% Rise In The Last 21 Sessions
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(VIANEWS) - Cocoa (CC) has been up by 23.66% for the last 21 sessions. At 07:50 EST on Thursday, 22 February, Cocoa (CC) is $5,932.00.

Volume

Today's last reported volume for Cocoa is 6106, 99.94% below its average volume of 10792821.14.

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, 21 February, " Oil traders will monitor the EIA Crude Oil Stocks Change and API Weekly Crude Oil Stock, due on Wednesday and Thursday, respectively. "
  • Crude oil rises on Wednesday as energies shrug off another inventories surge. According to FXStreet on Wednesday, 21 February, "Daily candlesticks show US Crude Oil in a notably sideways bent as bids knock into the 200-day Simple Moving Average (SMA) near $77.55. ", "Hopes of expanded US refinery activity eating away at a buildup of US Crude Oil supplies are also keeping barrel prices higher, but a growing overhang of US barrel counts is getting harder for energy markets to ignore."

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.