(VIANEWS) – Cocoa (CC) has been up by 12.21% for the last 10 sessions. At 05:50 EST on Wednesday, 18 September, Cocoa (CC) is $7,690.00.
Volume
Today’s last reported volume for Cocoa is 345, 99.99% below its average volume of 9266758.64.
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 Monday, 16 September, "The downside, however, seems cushioned in the wake of weaker Crude Oil prices, which tends to undermine the commodity-linked Loonie.", "This, in turn, fails to assist Crude Oil prices to capitalize on last week’s recovery from the lowest level since May 2023. "
- Crude oil dips after soft Chinese data adds more downside pressure. According to FXStreet on Monday, 16 September, "Traders would stem a bigger rate cut as supportive of growth and demand, supporting Crude Oil prices.", "A bigger-than-expected rate cut could see Crude Oil rally in the assumption that demand would pick up and lower rates would unfreeze shelved projects and investments that demand Oil to be developed."
More news about Cocoa (CC).
