Cocoa Futures Slides By 6% In The Last 10 Sessions

(VIANEWS) – Cocoa (CC) has been up by 6.49% for the last 10 sessions. At 11:54 EST on Tuesday, 1 October, Cocoa (CC) is $7,141.00.

Volume

Today’s last reported volume for Cocoa is 12425, 99.86% below its average volume of 9193523.7.

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 Tuesday, 1 October, "The latter should act as a pivotal point, which if cleared could allow Crude Oil prices to reclaim the $69.00 mark and climb further towardthe $70.00 psychological mark.", "This, in turn, validates the bearish outlook and suggests that the path of least resistance for Crude Oil prices remains to the downside."

More news about Cocoa (CC).

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