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Cocoa Futures Over 18% Up In The Last 21 Sessions

ViaNews Editorial Team

November 13, 2023

Cocoa Futures Over 18% Up In The Last 21 Sessions

(VIANEWS) - Cocoa (CC) has been up by 18.23% for the last 21 sessions. At 16:50 EST on Monday, 13 November, Cocoa (CC) is $4,040.00.

Volume

Today's last reported volume for Cocoa is 4166, 99.96% below its average volume of 11804947.13.

Volatility

Cocoa's last week, last month's, and last quarter's current intraday variation average was 1.26%, 1.02%, and 1.62%, respectively.

Cocoa's highest amplitude of average volatility was 1.31% (last week), 1.24% (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 oversold (<=20).

News about

  • WTI crude oil: weekly forecast 12th November - 18th November - 12 November 2023. According to DailyForex on Sunday, 12 November, "Yes, in the immediate aftermath of the 'shock' conditions in Israel which hit the global markets the weekend of the 7th of October, prices in WTI Crude Oil did climb early and culminated with a high around the 89.610 level on the 20th of October. ", "A fall below the 73.000 price looks dangerous technically for Crude Oil and could ignite additional speculative selling positions. "
  • According to FXStreet on Monday, 13 November, "However, West Texas Intermediate (WTI) Crude Oil pricepullsback and tradesbelow 76.50 at the time of writing. "
  • Crude oil forecast: tries to build a base - 13 November 2023. According to DailyForex on Monday, 13 November, "Similarly, the Brent Crude Oil market experienced a rally on Friday, with the $80 level serving as a substantial support level. ", "The WTI Crude Oil market displayed renewed vitality on Friday, with the $75 level emerging as a critical support threshold. "

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.

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