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Coffee Futures Bearish By 5% In The Last 5 Sessions

ViaNews Editorial Team

September 27, 2023

Coffee Futures Bearish By 5% In The Last 5 Sessions
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(VIANEWS) - Coffee (KC) has been up by 5.67% for the last 5 sessions. At 05:52 EST on Wednesday, 27 September, Coffee (KC) is $149.60.

Volume

Today's last reported volume for Coffee is 1166, 94.15% below its average volume of 19943.42.

Volatility

Coffee's last week, last month's, and last quarter's current intraday variation average was a negative 2.37%, a positive 0.44%, and a positive 1.83%, respectively.

Coffee's highest amplitude of average volatility was 2.37% (last week), 1.86% (last month), and 1.83% (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 DailyForex on Tuesday, 26 September, "What seems to have happened is that the higher price of Crude Oil which helped the USD/CAD create a bearish motion for a week and a half of trading has now run directly into fragile market sentiment, causing the reversal upwards. "
  • According to FXStreet on Tuesday, 26 September, " Looking ahead, oil traders will take cues from the API and EIA weekly Crude Oil Stock for the week ending September 22. "

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.