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Coffee Futures Bearish By 5% In The Last 10 Sessions

ViaNews Editorial Team

August 22, 2023

Coffee Futures Bearish By 5% In The Last 10 Sessions
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(VIANEWS) - Coffee (KC) has been up by 5.41% for the last 10 sessions. At 05:52 EST on Tuesday, 22 August, Coffee (KC) is $152.20.

Volume

Today's last reported volume for Coffee is 1391, 93.16% below its average volume of 20350.01.

Volatility

Coffee's last week, last month's, and last quarter's current intraday variation average was a positive 0.96%, a negative 0.28%, and a positive 1.96%, respectively.

Coffee's highest amplitude of average volatility was 1.21% (last week), 1.57% (last month), and 1.96% (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 oversold (<=20).

News about

  • Crude oil forecast: continues to look for buyers in order to breakout - 21 August 2023. According to DailyForex on Monday, 21 August, "The West Texas Intermediate Crude Oil market embarked on an initial attempt to rally during Friday's trading session, pushing against the $80 threshold. ", "Like the WTI Crude Oil landscape, Brent's trajectory is characterized by the presence of the 200-Day EMA and the 50-Day EMA underneath. "
  • According to FXStreet on Tuesday, 22 August, " Moving on, oil traders will keep an eye on the American Petroleum Institute's (API) Weekly Crude Oil Stock and EIA Crude Oil Stocks Change for the week ending August 18. "

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.