Cocoa Futures Bullish Momentum With A 23% Rise In The Last 21 Sessions

(VIANEWS) – Cocoa (CC) has been up by 23.66% for the last 21 sessions. At 07:50 EST on Thursday, 22 February, Cocoa (CC) is $5,932.00.

Volume

Today’s last reported volume for Cocoa is 6106, 99.94% below its average volume of 10792821.14.

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

  • According to FXStreet on Wednesday, 21 February, " Oil traders will monitor the EIA Crude Oil Stocks Change and API Weekly Crude Oil Stock, due on Wednesday and Thursday, respectively. "
  • Crude oil rises on Wednesday as energies shrug off another inventories surge. According to FXStreet on Wednesday, 21 February, "Daily candlesticks show US Crude Oil in a notably sideways bent as bids knock into the 200-day Simple Moving Average (SMA) near $77.55. ", "Hopes of expanded US refinery activity eating away at a buildup of US Crude Oil supplies are also keeping barrel prices higher, but a growing overhang of US barrel counts is getting harder for energy markets to ignore."

More news about Cocoa (CC).

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