Cocoa Futures Bearish Momentum With A 24% Fall In The Last 21 Sessions

(VIANEWS) – Cocoa (CC) has been up by 24.41% for the last 21 sessions. At 05:55 EST on Friday, 24 May, Cocoa (CC) is $8,171.00.


Today’s last reported volume for Cocoa is 1073, 99.98% below its average volume of 9993264.22.


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, 22 May, "At the time of writing, Crude Oil (WTI) trades at $77.78and Brent Crude at $81.85."
  • Crude oil recedes further, WTI falls below $78 on rising supplies and cautious FOMC. According to FXStreet on Wednesday, 22 May, "West Texas Intermediate (WTI) US Crude Oil declined for a third straight day on Wednesday, falling below $78.00 per barrel once again after US Crude Oil barrel counts rose week-on-week after a previous decline. ", "WTI US Crude Oil is testing down into $77.00 per barrel, extending a near-term decline from a recent peak just above $80.00 per barrel. "
  • According to FXStreet on Thursday, 23 May, "USD/CAD had been trading significantly down for the day prior to the data on the back of a mixture of higher Crude Oil prices (CAD positive), positive risk appetite (CAD positive), better-than-expected Canadian Housing data and technical chart resistance. "
  • According to FXStreet on Thursday, 23 May, "West Texas Intermediate (WTI) US Crude Oil is trading up over a percent at $78.01 on Thursday."

More news about Cocoa (CC).

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