Cocoa Futures Bearish By 5% In The Last 10 Sessions

(VIANEWS) – Cocoa (CC) has been up by 5.12% for the last 10 sessions. At 05:50 EST on Wednesday, 4 September, Cocoa (CC) is $7,240.00.

Volume

Today’s last reported volume for Cocoa is 663, 99.99% below its average volume of 9388337.74.

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

  • Crude oil trying to hold steady at the low end of near-term chop. According to FXStreet on Monday, 2 September, "With Chinese business activity stumbling into a steeper-than-forecast rut, markets are growing apprehensive that a drag in Chinese Crude Oil demand growth could leave the global oil market with a permanent overhang.", "OPEC’s extended league of non-member allies, OPEC+, is set to beginning easing back on voluntary production caps as smaller countries buckle under the weight of lopsided pumping limits meant to keep global Crude Oil prices buoyed. "

More news about Cocoa (CC).

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