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Coffee Futures Rises By 20% In The Last 21 Sessions

ViaNews Editorial Team

February 23, 2023

Coffee Futures Rises By 20% In The Last 21 Sessions
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(VIANEWS) - Coffee (KC) has been up by 20.08% for the last 21 sessions. At 04:54 EST on Thursday, 23 February, Coffee (KC) is $192.25.

Volume

Today's last reported volume for Coffee is 490, 97.46% below its average volume of 19320.92.

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

  • According to FXStreet on Wednesday, 22 February, "Adding to this, bearish Crude Oil prices - amid worries that rapidly rising borrowing costs will dampen economic growth and dent fuel demand - further weighs on the commodity-linked Loonie."
  • According to FXStreet on Tuesday, 21 February, "Against the backdrop of weaker Crude Oil prices, softer Canadian consumer inflation figures weigh on the commodity-linked Loonie and provide a modest lift to the USD/CAD pair."
  • WTI crude oil forecast: choppy behavior in thin volume - 21 February 2023. According to DailyForex on Tuesday, 21 February, "During Monday's trading session, the West Texas Intermediate Crude Oil market rallied a bit, but we saw a lot of noisy and choppy behavior in thin volume, due to the Presidents' Day holiday. ", "In summary, during Monday's trading session, the West Texas Intermediate Crude Oil market rallied a bit, but we saw a lot of noisy and choppy behavior in thin volume. "

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.