(VIANEWS) – Cocoa (CC) has been up by 10.17% for the last 21 sessions. At 05:52 EST on Wednesday, 3 July, Cocoa (CC) is $7,820.00.
Volume
Today’s last reported volume for Cocoa is 404, 99.99% below its average volume of 9783162.52.
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, 1 July, "Furthermore, expectations of a peak summer fuel consumption and OPEC+ cuts in the third quarter could lead to a global oil market supply deficit, which, in turn, is seen as a key factor acting as a tailwind for Crude Oil prices.", "This suggested that the world’s second-largest economy remains fragile, which, in turn, could cap the upside for Crude Oil prices. "
- Crude oil rallies to fresh nine-week high on Monday, WTI tests $83. According to FXStreet on Monday, 1 July, "The Israel-Palestinian Hamas conflict continues to broil in Gaza, and Crude Oil markets are increasingly concerned that the altercation could spill over borders to drag neighboring countries that are critical to global energy production into the conflict. ", "Investors are expecting that an uptick in demand will help to sop up US Crude Oil production that continues to threaten to swamp out domestic supply lines."
More news about Cocoa (CC).
