(VIANEWS) – Cocoa (CC) has been up by 9.07% for the last 21 sessions. At 05:50 EST on Tuesday, 17 September, Cocoa (CC) is $7,743.00.
Volume
Today’s last reported volume for Cocoa is 333, 99.99% below its average volume of 9303848.74.
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, 16 September, "This comes on top of a downward revision of demand growth forecasts by the Organization of Petroleum Exporting Countries (OPEC) and the International Energy Agency (IEA) and prompts fresh selling around Crude Oil prices. "
- According to FXStreet on Monday, 16 September, "The downside, however, seems cushioned in the wake of weaker Crude Oil prices, which tends to undermine the commodity-linked Loonie.", "This, in turn, fails to assist Crude Oil prices to capitalize on last week’s recovery from the lowest level since May 2023. "
- Crude oil dips after soft Chinese data adds more downside pressure. According to FXStreet on Monday, 16 September, "At the time of writing, Crude Oil (WTI) trades at $68.45 and Brent Crude at $71.82.", "A bigger-than-expected rate cut could see Crude Oil rally in the assumption that demand would pick up and lower rates would unfreeze shelved projects and investments that demand Oil to be developed."
More news about Cocoa (CC).
