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Cocoa Futures Bullish Momentum With A 2% Rise In The Last 5 Sessions

(VIANEWS) – Cocoa (CC) has been up by 2.32% for the last 5 sessions. At 11:51 EST on Tuesday, 15 August, Cocoa (CC) is $3,444.00.

Volume

Today’s last reported volume for Cocoa is 19227, 99.84% below its average volume of 12742199.52.

Volatility

Cocoa’s last week, last month’s, and last quarter’s current intraday variation average was 1.27%, 0.31%, and 1.41%, respectively.

Cocoa’s highest amplitude of average volatility was 1.27% (last week), 1.10% (last month), and 1.41% (last quarter), respectively.

Commodity Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Cocoa’s commodity is considered to be oversold (<=20).

News about

  • According to FXStreet on Monday, 14 August, "Additionally, the American Petroleum Institute’s (API) Weekly Crude Oil Stock and EIA Crude Oil Stocks for the week ending August 11 will be released on Wednesday and Thursday, respectively. "
  • According to FXStreet on Monday, 14 August, "Western Texas Intermediate (WTI) Crude Oil prices come under some renewed selling pressure on the first day of a new week and retreat further from the YTD peak, around the $84.30-$84.35 region touched last Thursday. "
  • Crude oil forecast: continues to look to the upside – 14 August 2023. According to DailyForex on Monday, 14 August, "The West Texas Intermediate Crude Oil market embarked on a subtle dip during Friday’s trading session, only to reverse course and exhibit renewed vigor. ", "In conclusion, the WTI Crude Oil market’s recent movements highlight the intricacies of the energy sector. "
  • According to FXStreet on Monday, 14 August, "Reaching these levels, at least temporarily, is not a tall order given Crude Oil is the most intensely speculated commodity, which helps explain its high degree of price volatility."

More news about Cocoa (CC).

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