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

(VIANEWS) – Cocoa (CC) has been up by 7.9% for the last 10 sessions. At 05:50 EST on Thursday, 19 October, Cocoa (CC) is $3,660.00.

Volume

Today’s last reported volume for Cocoa is 1979, 99.98% below its average volume of 11941026.2.

Volatility

Cocoa’s last week, last month’s, and last quarter’s current intraday variation average was 1.29%, 0.03%, and 1.66%, respectively.

Cocoa’s highest amplitude of average volatility was 1.29% (last week), 1.30% (last month), and 1.66% (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, 18 October, " Looking ahead, oil traders will monitor the weekly EIA Crude Oil stockpiles report due on Wednesday. "
  • Crude oil getting knocked around on Tuesday, WTI pinned to $85. According to FXStreet on Tuesday, 17 October, "The Israel-Hamas conflict escalation continues to stress out Crude Oil traders, but lack of immediate negative impact is keeping prices capped off. ", "Intraday action on the WTI chart is getting capped off by the 50-hour Simple Moving Average (SMA) near $85.75 as Crude Oil prices struggle to regain last week’s late swing into the $87.00 handle, and Tuesday’s early push into $86.00 proved to be short-lived as WTI Crude Oil barrels get stuck to the $85.00 level."

More news about Cocoa (CC).

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