Cocoa Futures Bearish By 7% In The Last 10 Sessions

(VIANEWS) – Cocoa (CC) has been up by 7.9% for the last 10 sessions. At 05:51 EST on Friday, 6 September, Cocoa (CC) is $7,155.00.

Volume

Today’s last reported volume for Cocoa is 698, 99.99% below its average volume of 9313129.54.

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 bottoms out as OPEC mulls delaying supply increase. According to FXStreet on Thursday, 5 September, "At the time of writing, Crude Oil (WTI) trades at $69.43 and Brent Crude at $73.27", "This delay appears to be the minimum needed to keep Crude Oil prices afloat at the current levels."
  • Crude oil snaps below $70 as opec, libya flood supply side. According to FXStreet on Wednesday, 4 September, "At the time of writing, Crude Oil (WTI) trades at $70.40 and Brent Crude at $74.11"

More news about Cocoa (CC).

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