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Cocoa Futures Went Up By Over 11% In The Last 10 Sessions

ViaNews Editorial Team

January 22, 2024

Cocoa Futures Went Up By Over 11% In The Last 10 Sessions
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(VIANEWS) - Cocoa (CC) has been up by 11.19% for the last 10 sessions. At 07:55 EST on Monday, 22 January, Cocoa (CC) is $4,582.00.

Volume

Today's last reported volume for Cocoa is 4838, 99.95% below its average volume of 11141071.68.

Volatility

Cocoa's last week, last month's, and last quarter's current intraday variation average was 1.81%, 0.49%, and 1.70%, respectively.

Cocoa's highest amplitude of average volatility was 1.81% (last week), 1.26% (last month), and 1.70% (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

  • WTI crude oil weekly forecast - steady range trading and polite price action - 21 January 2024. According to DailyForex on Sunday, 21 January, "WTI Crude Oil went into the weekend near the 73.350 mark and while it did hit a high for the week on Friday around the 74.600 USD level, the fact that the commodity finished the week showing a selloff tells us a bit about current behavioral sentiment in the energy sector. ", "If Red Sea shipping news remains calm before the Crude Oil markets open, this could allow for a test below the 73.000 realm once again. "
  • Crude oil forecast - crude oil continues to attempt to discern directionality - 22 January 2024. According to DailyForex on Monday, 22 January, "Looking specifically at the West Texas Intermediate (WTI) Crude Oil Market, it attempted a modest rally during Friday's trading session. "

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.