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Coffee Futures Bullish Momentum With A 17% Jump In The Last 21 Sessions

ViaNews Editorial Team

February 15, 2023

Coffee Futures Bullish Momentum With A 17% Jump In The Last 21 Sessions
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(VIANEWS) - Coffee (KC) has been up by 17.45% for the last 21 sessions. At 10:58 EST on Wednesday, 15 February, Coffee (KC) is $177.65.

Volume

Today's last reported volume for Coffee is 15370, 10.74% below its average volume of 17220.08.

Volatility

Coffee's last week, last month's, and last quarter's current intraday variation average was a negative 0.29%, a positive 1.22%, and a positive 2.15%, respectively.

Coffee's highest amplitude of average volatility was 0.71% (last week), 1.66% (last month), and 2.15% (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

  • WTI crude oil forecast: range between $75 and $82.50 likely to hold for now, shorts possible near $80 - 13 February 2023. According to DailyForex on Monday, 13 February, "On the other hand, if we do turn around and breakout above the $82.50 level, then it's possible that the West Texas Intermediate Crude Oil market is looking to the 200-Day EMA. "

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.