Cocoa Futures Rises By 20% In The Last 21 Sessions

(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).

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