(VIANEWS) – Cocoa (CC) has been up by 20.17% for the last 10 sessions. At 05:50 EST on Thursday, 6 June, Cocoa (CC) is $8,913.00.
Volume
Today’s last reported volume for Cocoa is 465, 99.99% below its average volume of 9918698.33.
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 extends declines as markets balk at opec+ plans to end production cuts. According to FXStreet on Tuesday, 4 June, "With global growth in Crude Oil demand failing to materialize as many investors had anticipated, barrel bids are declining as few traders see a reason to buy up long-dated Crude Oil as global supply is set to grow an overhang on demand figures.", "OPEC+ announced on June 2 that the Crude Oil conglomerate would look at pohasing out production restrictions heading into the final quarter of 2024 after enacting voluntary production caps in 2023. "
- Crude oil attempts to shrug off supplies buildup, WTI claws back to $74. According to FXStreet on Wednesday, 5 June, "US Crude Oil tested into its lowest bids since February, and the upside is looking thin.", "The Energy Information Administration (EIA) reported similar results, with EIA Crude Oil Stocks Change for the week ended May 31 rising 1.233 million when investors were forecasting a -2.3 million barrel decline. "
- According to FXStreet on Thursday, 6 June, "The upside of Oil prices could be limited as the US Energy Information Administration (EIA) Crude Oil Stocks Change showed that crude Oil inventories increased by 1.233 million barrels in the week ending May 31. "
More news about Cocoa (CC).
