(VIANEWS) – Cocoa (CC) has been up by 8.85% for the last 21 sessions. At 05:51 EST on Tuesday, 12 September, Cocoa (CC) is $3,654.00.
Today’s last reported volume for Cocoa is 1158, 99.99% below its average volume of 12452394.86.
Cocoa’s last week, last month’s, and last quarter’s current intraday variation average was 1.85%, 2.41%, and 1.81%, respectively.
Cocoa’s highest amplitude of average volatility was 1.85% (last week), 2.41% (last month), and 1.81% (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).
- WTI crude oil: weekly forecast 10th September – 16th September – 10 September 2023. According to DailyForex on Sunday, 10 September, "Speculators who are targeting higher values and dreaming about the 90,000 USD price to be challenged should not get overly ambitious.WTI Crude Oil Trend Upwards is Strong", "Short-term traders of WTI Crude Oil need to remain alert and they may want to continue to wager on upside price action. "
- According to DailyForex on Monday, 11 September, "However, traders need to understand that the direct correlation between the price of Crude Oil and the Mexican Peso is not always certain. ", "There are too many other dynamics in the energy sector and Mexican export market for short-term traders to use the higher price of WTI Crude Oil as a guaranteed lynchpin. "
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