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Coffee Futures Went Up By Over 6% In The Last 10 Sessions

ViaNews Editorial Team

January 24, 2024

Coffee Futures Went Up By Over 6% In The Last 10 Sessions
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(VIANEWS) - Coffee (KC) has been up by 6.32% for the last 10 sessions. At 04:53 EST on Wednesday, 24 January, Coffee (KC) is $192.65.

Volume

Today's last reported volume for Coffee is 751, 96.32% below its average volume of 20450.18.

Volatility

Coffee's last week, last month's, and last quarter's current intraday variation average was 2.68%, 0.10%, and 2.94%, respectively.

Coffee's highest amplitude of average volatility was 2.68% (last week), 1.92% (last month), and 2.94% (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 circles between key levels amidst market churn, WTI cycles around $74.50. According to FXStreet on Tuesday, 23 January, "Daily candles show Crude Oil stuck on the low side of the 200-day SMA just below the $78.00 handle, and a slight bullish lean to prices see barrel bids getting snagged in a congestion zone between the 50-day and 200-day SMAs as Crude Oil prices drifts into a consolidation pattern, up nearly 10% from December's swing low into $67.97.", "Despite geopolitical tensions keeping oil barrel prices on the high side, energy markets are having a hard time ignoring that global Crude Oil production threatens to swamp out global demand. "
  • Crude oil forecast - crude oil continues to attempt to discern directionality - 22 January 2024. According to DailyForex on Monday, 22 January, "Looking specifically at the West Texas Intermediate (WTI) Crude Oil Market, it attempted a modest rally during Friday's trading session. "

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.