Cocoa Futures Falls By 9% In The Last 10 Sessions

(VIANEWS) – Cocoa (CC) has been up by 9.55% for the last 10 sessions. At 05:53 EST on Wednesday, 9 October, Cocoa (CC) is $7,219.00.

Volume

Today’s last reported volume for Cocoa is 582, 99.99% below its average volume of 9130378.66.

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 faces profit-taking after Israel’s response remains muted. According to FXStreet on Tuesday, 8 October, "At the time of writing, Crude Oil (WTI) trades at $75.03 and Brent Crude at $79.05"
  • According to FXStreet on Monday, 7 October, "Markets are bracing for an escalation in the newly-sparked conflict between Iran and Israel; commodity investors are worried that Israel is set to lash out at Iran and strike Iran’s Crude Oil industry, a move that could send global energy prices soaring. ", "Chevron (CVX) rose one-third of one percent, as the fuels provider benefits from rapidly-accelerating Crude Oil prices. "

More news about Cocoa (CC).

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