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Cocoa Futures Went Down By Over 9% In The Last 10 Sessions

ViaNews Editorial Team

October 10, 2024

Cocoa Futures Went Down By Over 9% In The Last 10 Sessions
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(VIANEWS) - Cocoa (CC) has been up by 9.43% for the last 10 sessions. At 05:50 EST on Thursday, 10 October, Cocoa (CC) is $7,345.00.

Volume

Today's last reported volume for Cocoa is 750, 99.99% below its average volume of 9094659.69.

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 Thursday, 10 October, "The intraday uptick, however, lacks bullish conviction amid recovering Crude Oil prices, which tend to underpin the commodity-linked Loonie, and ahead of the latest US consumer inflation figures.", "This raises worries about supply disruptions from the Middle East, which, along with a spike in fuel demand on the back of a major storm in Florida, assists Crude Oil prices to build on the overnight bounce from a one-week low. "
  • Crude oil faces profit-taking after Israel’s response remains muted. According to FXStreet on Tuesday, 8 October, "At the time of writing, Crude Oil (WTI) trades at $75.03 and Brent Crude at $79.05"

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.