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

(VIANEWS) – Cocoa (CC) has been up by 8.02% for the last 21 sessions. At 05:50 EST on Friday, 8 September, Cocoa (CC) is $3,625.00.

Volume

Today’s last reported volume for Cocoa is 1771, 99.98% below its average volume of 12402511.33.

Volatility

Cocoa’s last week, last month’s, and last quarter’s current intraday variation average was 2.43%, 2.32%, and 1.79%, respectively.

Cocoa’s highest amplitude of average volatility was 2.43% (last week), 2.32% (last month), and 1.79% (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 overbought (>=80).

News about

  • According to FXStreet on Wednesday, 6 September, "Elsewhere, the US Dollar Index (DXY) seesaws at the highest level since March 15, dicey near 104.80 at the latest, while prices of Gold and WTI Crude Oil tread water around $1,925 and $86.40 as we write."
  • Crude oil forecast: defies gravity – 06 September 2023. According to DailyForex on Wednesday, 6 September, "The West Texas Intermediate Crude Oil market has shown itself to be bullish again during the day, gapping higher on Tuesday before pulling back only to find more buyers. ", "I do think that WTI Crude Oil eventually goes looking to the $90 level, but we may need to pull back toward the $85 level again to find enough buyers to jump into the picture."
  • According to FXStreet on Wednesday, 6 September, "Apart from that, the US Dollar Index (DXY) seesaws at the highest level since March 15, dicey near 104.80 at the latest, while prices of Gold and WTI Crude Oil tread water around $1,925 and $86.40 as we write. "

More news about Cocoa (CC).

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