Cocoa Futures Is 23% Down In The Last 21 Sessions

(VIANEWS) – Cocoa (CC) has been up by 23.75% for the last 21 sessions. At 05:50 EST on Tuesday, 28 May, Cocoa (CC) is $8,181.00.

Volume

Today’s last reported volume for Cocoa is 1154, 99.98% below its average volume of 10112840.06.

Volatility

Cocoa’s last week, last month’s, and last quarter’s current intraday variation average was a negative 0.29%, a positive 0.82%, and a positive 1.83%, respectively.

Cocoa’s highest amplitude of average volatility was 2.15% (last week), 1.65% (last month), and 1.83% (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

  • Crude oil stretches gains, WTI tests $78.50 ahead of inflation data and looming opec+ meeting. According to FXStreet on Monday, 27 May, "The Organization of the Petroleum Exporting Countries (OPEC) and its extended membership network, OPEC+, are broadly expected to maintain voluntary production caps that were initially adopted in 2023 to prop up global Crude Oil prices. ", "Last week’s US Crude Oil supply tracking saw yet another unexpected buildup of US barrel counts. "

More news about Cocoa (CC).

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