Cocoa Futures Bearish Momentum With A 15% Drop In The Last 21 Sessions

(VIANEWS) – Cocoa (CC) has been up by 15.26% for the last 21 sessions. At 05:51 EST on Friday, 2 August, Cocoa (CC) is $6,619.00.

Volume

Today’s last reported volume for Cocoa is 671, 99.99% below its average volume of 9513022.75.

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, 31 July, "The US Energy Information Administration (EIA) will report the Crude Oil Stocks Change later in the North American session. "
  • According to FXStreet on Wednesday, 31 July, "Meanwhile, the US Dollar (USD) extends the overnight pullback from a three-week peak amid dovish Federal Reserve (Fed) expectations and further benefits Crude Oil prices."
  • Crude oil lurches higher amid US inventory draws, fresh middle east tensions. According to FXStreet on Wednesday, 31 July, "West Texas Intermediate (WTI) US Crude Oil jumped back into $78.00 per barrel on Wednesday after the Energy Information Administration (EIA) reported another steeper-than-expected decline in US Crude Oil Stocks Change, adding to a recent downswing in US barrel counts. ", "An escalation of involvement in the Gaza conflict would see shockwaves through global Crude Oil markets."

More news about Cocoa (CC).

Leave a Reply

Your email address will not be published. Required fields are marked *