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Cocoa Futures Rises By 20% In The Last 21 Sessions

ViaNews Editorial Team

November 9, 2023

Cocoa Futures Rises By 20% In The Last 21 Sessions
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(VIANEWS) - Cocoa (CC) has been up by 20.58% for the last 21 sessions. At 16:52 EST on Thursday, 9 November, Cocoa (CC) is $3,978.00.

Volume

Today's last reported volume for Cocoa is 4466, 99.96% below its average volume of 11745300.64.

Volatility

Cocoa's last week, last month's, and last quarter's current intraday variation average was 1.05%, 0.85%, and 1.60%, respectively.

Cocoa's highest amplitude of average volatility was 1.12% (last week), 1.15% (last month), and 1.60% (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

  • Crude oil forecast: waits on external noise - 07 November 2023. According to DailyForex on Tuesday, 7 November, "Starting the day with a slightly favorable opening, the West Texas Intermediate Crude Oil market situated itself in proximity to the 200-Day EMA, an indicator of paramount significance. ", "Such a development would decidedly bear a bearish connotation, mirroring the movements in the WTI Crude Oil market."
  • According to FXStreet on Tuesday, 7 November, "West Texas Intermediate (WTI), the US Crude Oil benchmark, plunged more than 2.80% on Tuesday even though Saudia Arabia and Russia underpin the oil market due to its crude output cuts. "

More news about Cocoa (CC).

ViaNews Editorial Team

Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.