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Cocoa Futures Bullish Momentum With A 8% Jump In The Last 21 Sessions

(VIANEWS) – Cocoa (CC) has been up by 8.48% for the last 21 sessions. At 05:54 EST on Thursday, 15 June, Cocoa (CC) is $3,237.00.

Volume

Today’s last reported volume for Cocoa is 3333, 99.97% below its average volume of 13499878.94.

Volatility

Cocoa’s last week, last month’s, and last quarter’s current intraday variation average was 0.33%, 0.04%, and 2.96%, respectively.

Cocoa’s highest amplitude of average volatility was 1.20% (last week), 1.14% (last month), and 2.96% (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

  • Crude oil forecast: continues to drift lower – 13 June 2023. According to DailyForex on Tuesday, 13 June, "The West Texas Intermediate (WTI) Crude Oil market experienced a significant downturn at the start of the trading week on Monday, continuing the trend of volatile behavior. ", "In conclusion, both WTI Crude Oil and Brent markets have started the week with significant downturns. "
  • According to FXStreet on Tuesday, 13 June, "Economists at Société Générale analyze Brent Crude Oil technical outlook."

More news about Cocoa (CC).

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