(VIANEWS) – Cocoa (CC) has been up by 9.43% for the last 10 sessions. At 05:50 EST on Thursday, 17 October, Cocoa (CC) is $7,846.00.
Volume
Today’s last reported volume for Cocoa is 605, 99.99% below its average volume of 9059239.43.
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 Wednesday, 16 October, "West Texas Intermediate (WTI) US Crude Oil prices struggle to capitalize on the overnight modest bounce from the $69.25 area, or a two-week low and attract some sellers during the Asian session on Wednesday. ", "Adding to this, OPEC lowered its forecast for global oil demand growth in 2024 and 2025 and in turn, validates the negative outlook for Crude Oil prices."
- According to FXStreet on Tuesday, 15 October, "On Monday, Crude Oil prices dropped nearly 5% following the release of the OPEC Monthly Market Report, which revised its global Oil demand growth outlook for 2024 and 2025. "
- According to FXStreet on Tuesday, 15 October, "This leads to a further decline in Crude Oil prices, which undermines the commodity-linked Loonie and lends additional support to the USD/CAD pair."
More news about Cocoa (CC).
