(VIANEWS) – Cocoa (CC) has been up by 32.38% for the last 21 sessions. At 05:53 EST on Wednesday, 12 June, Cocoa (CC) is $9,419.00.
Volume
Today’s last reported volume for Cocoa is 1468, 99.98% below its average volume of 9929323.57.
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, 10 June, "At the time of writing, Crude Oil (WTI) trades at $75.54 and Brent Crude at $79.80"
- Crude oil extends recovery on renewed supply hopes, WTI breaches $77.50. According to FXStreet on Monday, 10 June, "The API dishes out their latest Weekly Crude Oil Stocks for the week ended July 7 on Tuesday, followed by the EIA’s Crude Oil Stocks Change for the same period on Wednesday.", "OPEC and its consortium have been limiting output through 2023 and 2024 in an effort to stem the tide of global overcapacity, but crimped output limits have been hitting OPEC+ nations in their government budgets, which rely on Crude Oil sales to balance their books."
- According to FXStreet on Tuesday, 11 June, " Meanwhile, Crude Oil prices edge lower as OPEC ministers said that they would not increase supply if prices remained weak. "
- Crude oil at risk of snapping recovery streak as markets head towards Wednesday’s fed showing. According to FXStreet on Tuesday, 11 June, "Week-on-week Crude Oil Stocks Change counts from the Energy Information Administration (EIA) are due on Wednesday, but will likely get drowned out by a high-impact Fed showing and an update to US Consumer Price Index (CPI) inflation.", "Despite investor sentiment drifting lower ahead of a key Fed outing on Wednesday, Crude Oil markets held steady after the American Petroleum Institute (API) reported a steeper-than-expected drawdown in Weekly Crude Oil Stocks. "
More news about Cocoa (CC).
