(VIANEWS) – Cocoa (CC) has been up by 10.54% for the last 10 sessions. At 05:53 EST on Friday, 7 June, Cocoa (CC) is $9,084.00.
Volume
Today’s last reported volume for Cocoa is 287, 99.99% below its average volume of 9876553.49.
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 attempts to shrug off supplies buildup, WTI claws back to $74. According to FXStreet on Wednesday, 5 June, "As oil-heavy nations prepare to pivot away from OPEC+ production limits in favor of balancing their government budgets, Crude Oil markets are balking at the prospect of even further risks of oversupply as global demand fails to materialize in-line with energy market expectations.", "WTI barrel bids clawed back to $74.00 per barrel on Wednesday, but topside momentum remains thin and US Crude Oil is steeply off near-term highs. "
- According to FXStreet on Thursday, 6 June, "The upside of Oil prices could be limited as the US Energy Information Administration (EIA) Crude Oil Stocks Change showed that crude Oil inventories increased by 1.233 million barrels in the week ending May 31. "
- According to FXStreet on Thursday, 6 June, "At the time of writing, Crude Oil (WTI) trades at $74.23 and Brent Crude at $78.60"
- Crude oil extends recovery, WTI tests $75.50. According to FXStreet on Thursday, 6 June, "OPEC+ assured markets that the phase out would be data dependent, but energy markets still balked at the prospect of additional oversupply in global barrel markets, sending Crude Oil prices into the lowest levels since February.", "After years of trying to bolster global Crude Oil prices using voluntary production limits, the Organization of the Petroleum Exporting Countries (OPEC) and its extended network of allied non-member states, OPEC+, are poised to phase out voluntary production caps that have kept north of 2.2 million barrels per day out of global supply lines. "
More news about Cocoa (CC).
