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Coffee Futures Bullish Momentum With A 15% Rise In The Last 21 Sessions

ViaNews Editorial Team

November 17, 2023

Coffee Futures Bullish Momentum With A 15% Rise In The Last 21 Sessions
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(VIANEWS) - Coffee (KC) has been up by 15.93% for the last 21 sessions. At 13:51 EST on Friday, 17 November, Coffee (KC) is $171.05.

Volume

Today's last reported volume for Coffee is 948, 95.3% below its average volume of 20187.83.

Volatility

Coffee's last week, last month's, and last quarter's current intraday variation average was a negative 1.68%, a negative 0.27%, and a positive 1.68%, respectively.

Coffee's highest amplitude of average volatility was 1.68% (last week), 1.95% (last month), and 1.68% (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

  • According to FXStreet on Wednesday, 15 November, "This, along with the prevalent US Dollar (USD) selling bias, turns out to be another factor acting as a tailwind for Crude Oil prices.", "West Texas Intermediate (WTI) Crude Oil prices attract some dip-buying near the $77.65 region during the Asian session on Wednesday and for now, seem to have stalled the overnight pullback from a one-week high. "

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.