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Cocoa Futures Went Up By Over 6% In The Last 10 Sessions

ViaNews Editorial Team

September 6, 2023

Cocoa Futures Went Up By Over 6% In The Last 10 Sessions
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(VIANEWS) - Cocoa (CC) has been up by 6.31% for the last 10 sessions. At 05:51 EST on Wednesday, 6 September, Cocoa (CC) is $3,637.00.

Volume

Today's last reported volume for Cocoa is 1591, 99.98% below its average volume of 12536305.23.

Volatility

Cocoa's last week, last month's, and last quarter's current intraday variation average was 0.60%, 1.86%, and 1.76%, respectively.

Cocoa's highest amplitude of average volatility was 0.60% (last week), 2.30% (last month), and 1.76% (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 Wednesday, 6 September, "Elsewhere, the US Dollar Index (DXY) seesaws at the highest level since March 15, dicey near 104.80 at the latest, while prices of Gold and WTI Crude Oil tread water around $1,925 and $86.40 as we write."
  • According to FXStreet on Monday, 4 September, "Also, traders will take cues from the EIA Crude Oil Stocks Change data for the week ending September 1 due on Wednesday. "
  • Crude oil forecast: sees upward pressure, look for value - 05 September 2023. According to DailyForex on Tuesday, 5 September, "Considering the West Texas Intermediate (WTI) Crude Oil market, a marginal decline followed an initial upward gap on Monday. ", "Within the WTI Crude Oil market, a temporary decline follows an initial upward gap, with the weight of Labor Day's impact and overbought conditions. "
  • Crude oil forecast: looks to the upside - 04 September 2023. According to DailyForex on Monday, 4 September, "In conclusion, the WTI Crude Oil and Brent markets present intriguing dynamics in Friday's trading session. "

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.