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Cocoa Futures Rises By 4% In The Last 10 Sessions

ViaNews Editorial Team

January 18, 2024

Cocoa Futures Rises By 4% In The Last 10 Sessions

(VIANEWS) - Cocoa (CC) has been up by 4.38% for the last 10 sessions. At 07:50 EST on Thursday, 18 January, Cocoa (CC) is $4,452.00.

Volume

Today's last reported volume for Cocoa is 5419, 99.95% below its average volume of 11114397.13.

Volatility

Cocoa's last week, last month's, and last quarter's current intraday variation average was 1.82%, 0.29%, and 1.67%, respectively.

Cocoa's highest amplitude of average volatility was 1.82% (last week), 1.06% (last month), and 1.67% (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 continues to churn on rebel attack concerns, WTI roils near $72. According to FXStreet on Tuesday, 16 January, "US oil production continues to entirely outpace global production cuts from the Organization of the Petroleum Exporting Countries (OPEC), and North American Crude Oil output is set to climb even further with Canadian oil producers ramping up production as the Trans Mountain pipeline nears completion. ", "WTI is up a scant 5.7% from December's bottom bids near $67.97, and limited topside recovery sees US Crude Oil still down nearly 24% from last September's peak bids near $94.00."

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.

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