Cocoa Futures Bearish Momentum With A 9% Slide In The Last 21 Sessions

(VIANEWS) – Cocoa (CC) has been up by 9.91% for the last 21 sessions. At 05:52 EST on Thursday, 27 June, Cocoa (CC) is $7,758.00.

Volume

Today’s last reported volume for Cocoa is 198, 99.99% below its average volume of 9793470.48.

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 roils on Wednesday after EIA prints another weekly buildup in US crude oil stocks. According to FXStreet on Wednesday, 26 June, "West Texas Intermediate (WTI) US Crude Oil tumbled back to $80.00 per barrel on Wednesday after the Energy Information Administration (EIA) reported another unexpected increase in week-on-week US Crude Oil Stocks Change, kicking the legs out from beneath barrel traders that were hoping for a net decrease in US Crude Oil supplies.", "This follows a flubbed uptick in Chinese Crude Oil demand that failed to materialize, as well as the US Memorial Day holiday driving season that also failed to make a meaningful dent in US Crude Oil supplies."
  • According to FXStreet on Wednesday, 26 June, "This, along with an uptick in Crude Oil prices, underpins the commodity-linked Loonie and might further contribute to capping the USD/CAD pair. "
  • According to FXStreet on Tuesday, 25 June, "At the time of writing, Crude Oil (WTI) trades at $80.89 and Brent Crude at $84.65."

More news about Cocoa (CC).

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