(VIANEWS) – Cocoa (CC) has been up by 3.94% for the last 10 sessions. At 05:53 EST on Wednesday, 17 May, Cocoa (CC) is $2,980.00.
Today’s last reported volume for Cocoa is 1866, 99.98% below its average volume of 13965816.85.
Cocoa’s last week, last month’s, and last quarter’s current intraday variation average was a negative 8.62%, a negative 5.99%, and a positive 3.09%, respectively.
Cocoa’s highest amplitude of average volatility was 8.62% (last week), 6.06% (last month), and 3.09% (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).
- According to FXStreet on Monday, 15 May, "Apart from this, a modest bounce in Crude Oil prices from over a one-week low set earlier this Monday underpins the commodity-linked Loonie. "
- Crude oil forecast: continues to see a lot of noise – 15 May 2023. According to DailyForex on Monday, 15 May, "Ultimately, the WTI Crude Oil market witnessed an initial decline but found support around the $70 level, while Brent crude oil also experienced a negative start, breaching the $75 level. "
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