Cocoa Futures Bearish Momentum With A 3% Slide In The Last 5 Sessions

(VIANEWS) – Cocoa (CC) has been up by 3.1% for the last 5 sessions. At 05:55 EST on Tuesday, 8 August, Cocoa (CC) is $3,441.00.

Volume

Today’s last reported volume for Cocoa is 8507, 99.93% below its average volume of 12883262.09.

Volatility

Cocoa’s last week, last month’s, and last quarter’s current intraday variation average was a negative 0.52%, a positive 0.70%, and a positive 1.91%, respectively.

Cocoa’s highest amplitude of average volatility was 0.78% (last week), 1.10% (last month), and 1.91% (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 overbought (>=80).

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