Cocoa Futures Bullish Momentum With A 3% Jump In The Last 5 Sessions

(VIANEWS) – Cocoa (CC) has been up by 3.41% for the last 5 sessions. At 05:50 EST on Thursday, 20 July, Cocoa (CC) is $3,394.00.

Volume

Today’s last reported volume for Cocoa is 2401, 99.98% below its average volume of 13009104.11.

Volatility

Cocoa’s last week, last month’s, and last quarter’s current intraday variation average was 2.32%, 1.94%, and 3.05%, respectively.

Cocoa’s highest amplitude of average volatility was 2.32% (last week), 2.11% (last month), and 3.05% (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 Tuesday, 18 July, "Following the recent pullback from a nearly three-month high witnessed over the past two days, Crude Oil prices regain some positive traction and underpin the commodity-linked Loonie. ", "This, along with worries that a global economic downturn will dent fuel demand, should keep a lid on any meaningful rise in Crude Oil prices and help limit the downside for the USD/CAD pair. "
  • Crude oil forecast: crude oil markets experience volatility amidst uncertainty – 18 July 2023. According to DailyForex on Tuesday, 18 July, "Forex Brokers We Recommend in Your Region See full brokers list 1 Read full review Get Started BrokerGeoLists.push({type:’ReviewsNonPartner’,id:’horizontal-top-5′,size:5,fullReviewText:`Read full review`,getStartedText:`Get Started`,readReviewText:`Review`});US Crude Oil Technical Outlook"
  • According to FXStreet on Tuesday, 18 July, "Following the recent pullback from a nearly three-month high witnessed over the past two days, Crude Oil prices regain some positive traction and underpin the commodity-linked Loonie. ", "This, along with worries that a global economic downturn will dent fuel demand, should keep a lid on any meaningful rise in Crude Oil prices and help limit the downside for the USD/CAD pair. "

More news about Cocoa (CC).

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