Cocoa Futures Bearish By 16% In The Last 21 Sessions

(VIANEWS) – Cocoa (CC) has been up by 16.52% for the last 21 sessions. At 05:50 EST on Thursday, 18 July, Cocoa (CC) is $7,745.00.

Volume

Today’s last reported volume for Cocoa is 391, 99.99% below its average volume of 9651198.89.

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 Tuesday, 16 July, "This adds to worries about a slowdown in the world’s second-largest economy and waning fuel demand in the world’s biggest oil importer, which, in turn, is seen as a key factor exerting some downward pressure on Crude Oil prices.", "Apart from this, concerns about supply disruptions stemming from the ongoing conflicts in the Middle East should act as a tailwind for Crude Oil prices and help limit deeper losses. "

More news about Cocoa (CC).

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