Cocoa Futures Drops By 32% In The Last 21 Sessions

(VIANEWS) – Cocoa (CC) has been up by 32.98% for the last 21 sessions. At 05:51 EST on Tuesday, 14 May, Cocoa (CC) is $7,373.00.

Volume

Today’s last reported volume for Cocoa is 1181, 99.98% below its average volume of 10179216.15.

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

  • Crude oil recovers on Monday, but stuck in familiar territory as WTI grApples with $79. According to FXStreet on Monday, 13 May, "According to the Energy Information Administration (EIA), US Crude Oil production in the Permian Basin is set to rise to its highest levels of barrel output since December of last year. ", "Despite Monday’s price recovery, WTI remains trapped in near-term technical levels as US Crude Oil trades on the high side of a supply zone between $78.00 and $77.00 per barrel. "
  • According to FXStreet on Tuesday, 14 May, "Additionally, attention will be on the API Weekly Crude Oil Stock report, which will provide comprehensive data on total US and regional refinery operations and the production of major petroleum products."
  • According to FXStreet on Monday, 13 May, "At the time of writing, Crude Oil (WTI) trades at $78.06 and Brent Crude at $82.70."

More news about Cocoa (CC).

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