Cocoa Futures Drops By 8% In The Last 21 Sessions

(VIANEWS) – Cocoa (CC) has been up by 8.97% for the last 21 sessions. At 05:51 EST on Monday, 22 July, Cocoa (CC) is $7,806.00.

Volume

Today’s last reported volume for Cocoa is 828, 99.99% below its average volume of 9721852.64.

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, 22 July, "Meanwhile, concerns about an economic slowdown in China - the world’s top oil importer - should act as a headwind for Crude Oil prices. ", "This assists Crude Oil prices in reversing a part of Friday’s heavy losses to a one-month low, underpinning the commodity-linked Loonie and contributing to keeping a lid on the USD/CAD pair."
  • According to FXStreet on Monday, 22 July, "This, in turn, is seen lending some support to the USD-denominated commodities, including Crude Oil prices.", "This, along with China’s economic woes, should keep a lid on any meaningful upside for Crude Oil prices."

More news about Cocoa (CC).

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