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Coffee Futures Bearish By 2% In The Last 5 Sessions

ViaNews Editorial Team

August 10, 2023

Coffee Futures Bearish By 2% In The Last 5 Sessions
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(VIANEWS) - Coffee (KC) has been up by 2.63% for the last 5 sessions. At 14:51 EST on Thursday, 10 August, Coffee (KC) is $159.20.

Volume

Today's last reported volume for Coffee is 30424, 55.91% above its average volume of 19512.98.

Volatility

Coffee's last week, last month's, and last quarter's current intraday variation average was a negative 1.18%, a negative 0.14%, and a positive 2.02%, respectively.

Coffee's highest amplitude of average volatility was 1.70% (last week), 1.69% (last month), and 2.02% (last quarter), respectively.

Commodity Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Coffee's commodity is considered to be overbought (>=80).

News about

  • According to FXStreet on Wednesday, 9 August, "Apart from this, a mildly softer tone around Crude Oil prices could undermine the commodity-linked Loonie and lend support to the USD/CAD pair. "
  • According to FXStreet on Tuesday, 8 August, "Weaker Chinese trade data revives fears about faltering recovery in the world's second-largest economy and weighs heavily on Crude Oil prices. "

More news about Coffee (KC).

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.