(VIANEWS) – Cocoa (CC) has been up by 11.55% for the last 21 sessions. At 05:52 EST on Friday, 27 October, Cocoa (CC) is $3,854.00.
Volume
Today’s last reported volume for Cocoa is 2718, 99.97% below its average volume of 11819655.12.
Volatility
Cocoa’s last week, last month’s, and last quarter’s current intraday variation average was 0.40%, 0.45%, and 1.62%, respectively.
Cocoa’s highest amplitude of average volatility was 0.88% (last week), 1.16% (last month), and 1.62% (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 overbought (>=80).
News about
- Crude oil rebounds, WTI jumps over $2.50/barrel as gaza tensions tighten once more. According to FXStreet on Wednesday, 25 October, "Global Crude Oil markets continue to fear drastic undersupply in the face of extreme production cuts from member states of theOrganization of the Petroleum Exporting Countries (OPEC), but lagging global growth is undercutting fossil fuels demand, keeping topside moves in barrel prices capped.", "US Crude Oil has hit the brakes on a decline that has seen WTI bids close in the red for three straight trading days, and despite Wednesday’s fear-fueled spike, WTI remains down over 6% from last Friday’s peak of $89.64."
- Crude oil forecast: chops around – 25 October 2023. According to DailyForex on Wednesday, 25 October, "The West Texas Intermediate Crude Oil market initially displayed strength with a gap higher at the beginning of Tuesday’s session. "
- According to FXStreet on Thursday, 26 October, "This, in turn, is seen as a key factor acting as a tailwind for WTI Crude Oil prices. ", "The aforementioned mixed fundamental backdrop is holding back traders from placing aggressive directional bets around Crude Oil prices and leading to subdued rage-bound price action. "
More news about Cocoa (CC).
