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Cocoa Futures Bearish Momentum With A 15% Drop In The Last 21 Sessions

Cocoa Futures Bearish Momentum With A 15% Drop In The Last 21 Sessions
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(VIANEWS) - Cocoa (CC) has been up by 15.26% for the last 21 sessions. At 05:51 EST on Friday, 2 August, Cocoa (CC) is $6,619.00.

Volume

Today's last reported volume for Cocoa is 671, 99.99% below its average volume of 9513022.75.

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 Wednesday, 31 July, "The US Energy Information Administration (EIA) will report the Crude Oil Stocks Change later in the North American session. "
  • According to FXStreet on Wednesday, 31 July, "Meanwhile, the US Dollar (USD) extends the overnight pullback from a three-week peak amid dovish Federal Reserve (Fed) expectations and further benefits Crude Oil prices."
  • Crude oil lurches higher amid US inventory draws, fresh middle east tensions. According to FXStreet on Wednesday, 31 July, "West Texas Intermediate (WTI) US Crude Oil jumped back into $78.00 per barrel on Wednesday after the Energy Information Administration (EIA) reported another steeper-than-expected decline in US Crude Oil Stocks Change, adding to a recent downswing in US barrel counts. ", "An escalation of involvement in the Gaza conflict would see shockwaves through global Crude Oil markets."

More news about Cocoa (CC).

ViaNews Editorial Team

Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.