Cocoa Futures Bullish Momentum With A 7% Rise In The Last 10 Sessions

(VIANEWS) – Cocoa (CC) has been up by 7.52% for the last 10 sessions. At 08:50 EST on Monday, 19 August, Cocoa (CC) is $7,264.00.

Volume

Today’s last reported volume for Cocoa is 3803, 99.96% below its average volume of 9513125.84.

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 Monday, 19 August, "That said, a softer tone around Crude Oil prices could undermine the commodity-linked Loonie and hold back traders from placing fresh bearish bets ahead of this week’s data/central bank event risk.", "Furthermore, geopolitical developments in the Middle East, which tend to drive Crude Oil prices, should provide some impetus to the USD/CAD pair and determine the next leg of a directional move."
  • According to FXStreet on Monday, 19 August, "At the time of writing, Crude Oil (WTI) trades at $75.03 and Brent Crude at $78.71"

More news about Cocoa (CC).

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