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Coffee Futures Drops By 6% In The Last 10 Sessions

(VIANEWS) – Coffee (KC) has been up by 6.59% for the last 10 sessions. At 01:51 EST on Sunday, 12 March, Coffee (KC) is $177.25.

Volume

Today’s last reported volume for Coffee is 20594, 3.16% above its average volume of 19961.85.

Volatility

Coffee’s last week, last month’s, and last quarter’s current intraday variation average was a negative 2.81%, a negative 0.64%, and a positive 2.20%, respectively.

Coffee’s highest amplitude of average volatility was 2.81% (last week), 2.46% (last month), and 2.20% (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

  • Crude oil forecast: still looks somewhat lost – 10 March 2023. According to DailyForex on Friday, 10 March, "The WTI Crude Oil market experienced a bit of a rally during Thursday’s trading session but remains stuck in a range due to a lot of back-and-forth noisy behavior. ", "Until the market breaks out of its current range, traders should assume that it will continue to move back and forth between the $72.50 and $82.50 levels for the WTI Crude Oil market and the $77.50 and $89 levels for the Brent market. "
  • According to FXStreet on Friday, 10 March, "The selling pressure around Crude Oil prices remains unabated for the fourth straight day, which undermines the commodity-linked Loonie and acts as a tailwind for the USD/CAD pair. "

More news about Coffee (KC).

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