Cocoa Futures Bullish Momentum With A 21% Jump In The Last 21 Sessions

(VIANEWS) – Cocoa (CC) has been up by 21.1% for the last 21 sessions. At 16:54 EST on Friday, 17 November, Cocoa (CC) is $4,063.00.

Today’s last reported volume for Cocoa is 3953, 99.96% below its average volume of 11627950.95.

Cocoa’s last week, last month’s, and last quarter’s current intraday variation average was 0.50%, 0.82%, and 1.54%, respectively.

Cocoa’s highest amplitude of average volatility was 1.80% (last week), 1.21% (last month), and 1.54% (last quarter), respectively.

According to FXStreet on Thursday, 16 November, "EIA Crude Oil Stocks Change for the week ending on Nov 10, improved to 3.6M from 0.774M prior against the 1.793M as expected."
According to FXStreet on Wednesday, 15 November, "This, along with the prevalent US Dollar (USD) selling bias, turns out to be another factor acting as a tailwind for Crude Oil prices.", "West Texas Intermediate (WTI) Crude Oil prices attract some dip-buying near the $77.65 region during the Asian session on Wednesday and for now, seem to have stalled the overnight pullback from a one-week high. "

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