(VIANEWS) – Cocoa (CC) has been up by 11.18% for the last 10 sessions. At 05:54 EST on Thursday, 19 September, Cocoa (CC) is $7,884.00.
Volume
Today’s last reported volume for Cocoa is 983, 99.98% below its average volume of 9229969.02.
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 hovers below $70 as traders focus on US supply disruptions, fed meeting. According to FXStreet on Tuesday, 17 September, "This helps Crude Oil prices higher in the assumption that a bigger rate cut would give a brief push to the economic activity, which in turn would benefit Oil demand.", "At the time of writing, Crude Oil (WTI) trades at $69.02 and Brent Crude at $72.25."
- According to FXStreet on Thursday, 19 September, "This, along with the emergence of fresh US Dollar (USD) selling, turn out to be key factors pushing Crude Oil prices higher. ", "Adding to this, lingering concerns about weak global demand might cap any further appreciating move for Crude Oil prices. "
- According to FXStreet on Thursday, 19 September, "Additionally, WTI Oil prices may have found support after the US Energy Information Administration (EIA) reported a larger-than-expected decline in Crude Oil Stocks Change, which dropped by 1.63 million barrels to 417.5 million, far exceeding the forecasted 0.1 million-barrel draw for the week ending September 13. "
- Crude oil slides below $70 ahead of vital fed meeting. According to FXStreet on Wednesday, 18 September, "At the time of writing, Crude Oil (WTI) trades at $69.51and Brent Crude at $72.72.", "A bigger 50 bps cut in borrowing costs and further rate cut projections in the Fed’s Summary of Economic Projections (SEP) will be perceived as oxygen for the much-battered Crude Oil price. "
More news about Cocoa (CC).
