(VIANEWS) – Cocoa (CC) has been up by 14.93% for the last 21 sessions. At 05:54 EST on Thursday, 8 August, Cocoa (CC) is $6,879.00.
Volume
Today’s last reported volume for Cocoa is 538, 99.99% below its average volume of 9503353.47.
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
- According to FXStreet on Tuesday, 6 August, "This is expected to dent fuel demand and drags Crude Oil prices lower for the fourth straight day, which, in turn, is seen undermining demand for the commodity-linked Loonie. ", "Furthermore, the risk of a broader Middle East conflict continues to fuel concerns about supply disruptions from the key Oil producing region and could help limit losses for Crude Oil prices. "
- Crude oil unable to find a bid as WTI languishes below $73. According to FXStreet on Tuesday, 6 August, "With US Crude Oil on the backfoot and on pace early to chalk in a fifth straight week of declines, WTI has crumbled back below $73.00 per barrel, though technical pressure has built up to keep bids buoyed over $71.00 as of the time of writing. ", "Despite the significant uptick in geopolitical tensions, Crude Oil markets are having a difficult time finding the bidding pedal, and barrel prices remain subdued."
More news about Cocoa (CC).
