(VIANEWS) – Cocoa (CC) has been up by 34.43% for the last 21 sessions. At 07:50 EST on Friday, 9 February, Cocoa (CC) is $5,743.00.
Volume
Today’s last reported volume for Cocoa is 16597, 99.84% below its average volume of 10767675.48.
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).
Previous days news about Cocoa (CC)
- Cocoa analysis: record highs and volatility flavors in the commodity – 07 February 2024. According to DailyForex on Wednesday, 7 February, "Some additional nations that grow Cocoa in relatively large numbers include Ecuador and Indonesia along with others. ", "Day traders in Cocoa may want to seriously look at weather related information for West Africa as much as they examine technical charts for the commodity."
News about
- Crude oil continues thin recovery, WTI struggles to reclaim $74. According to FXStreet on Wednesday, 7 February, "US Crude Oil is seen rising to 13.21 million bpd through 2024 and then climbing to 13.49 million bpd in 2025.", "The Energy Information Administration (EIA) warned this week that the US could see a significant slowdown in its pace of Crude Oil production growth after hitting record pumping numbers in 2023."
- According to FXStreet on Friday, 9 February, "This, to a larger extent, offsets the US refinery maintenance, which, along with a bullish US Dollar (USD), bolstered by hawkish Federal Reserve (Fed) expectations, keeps a lid on Crude Oil prices.", "In the meantime, the lower US output growth forecast by the Energy Information Administration (EIA), along with persistent geopolitical risks, might continue to lend some support to Crude Oil prices."
More news about Cocoa (CC).
