Cocoa Futures Bearish By 5% In The Last 10 Sessions

(VIANEWS) – Cocoa (CC) has been up by 5.32% for the last 10 sessions. At 05:54 EST on Thursday, 25 July, Cocoa (CC) is $8,080.00.

Volume

Today’s last reported volume for Cocoa is 777, 99.99% below its average volume of 9601394.09.

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 struggles to recover footing on Tuesday despite API barrel count contraction. According to FXStreet on Tuesday, 23 July, "Daily candlesticks paint a notable bearish picture, with US Crude Oil prices threatening to backslide to early June’s bottom bids near $72.50 and price action descending almost unimpeded below the 200-day EMA at $79.23.", "West Texas Intermediate (WTI) briefly fell below $77.00 per barrel on Tuesday before a meager recovery that left US Crude Oil markets grappling with a fresh bout of broad-market bearishness."

More news about Cocoa (CC).

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