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Cocoa Futures Is 5% Up In The Last 10 Sessions

ViaNews Editorial Team

September 1, 2023

Cocoa Futures Is 5% Up In The Last 10 Sessions

(VIANEWS) - Cocoa (CC) has been up by 5.38% for the last 10 sessions. At 05:55 EST on Friday, 1 September, Cocoa (CC) is $3,626.00.

Volume

Today's last reported volume for Cocoa is 2260, 99.98% below its average volume of 12419111.35.

Volatility

Cocoa's last week, last month's, and last quarter's current intraday variation average was 2.90%, 1.64%, and 1.75%, respectively.

Cocoa's highest amplitude of average volatility was 2.90% (last week), 2.24% (last month), and 1.75% (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 Wednesday, 30 August, " Looking ahead, oil traders will focus on EIA Crude Oil Stocks Change for the week ending August 25. "
  • According to FXStreet on Wednesday, 30 August, "Additionally, a heavy draw of the US inventories, per the American Petroleum Institute's (API) weekly Crude Oil Stocks Change data, also underpins the black gold's run-up."
  • WTI renews weekly top above $81.00 as API crude oil inventories deplete, geopolitical fears grow. According to FXStreet on Wednesday, 30 August, "API Weekly Crude Oil Stock marked the biggest slump since September 2016 while posting a fall of 11.486 million barrels (M) into the inventories versus the previous week's decline of -2.418M. "

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.