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Cocoa Futures Went Up By Over 23% In The Last 21 Sessions

ViaNews Editorial Team

February 21, 2024

Cocoa Futures Went Up By Over 23% In The Last 21 Sessions
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(VIANEWS) - Cocoa (CC) has been up by 23.86% for the last 21 sessions. At 07:51 EST on Wednesday, 21 February, Cocoa (CC) is $5,782.00.

Volume

Today's last reported volume for Cocoa is 8166, 99.92% below its average volume of 10830483.69.

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 Wednesday, 21 February, "US Energy Information Administration's (EIA) Crude Oil Stocks Change and American Petroleum Institute's (API) Weekly Crude Oil Stock for the week ending on February 16 will be released later in the North American session."
  • Crude oil tests the high end as geopolitical concerns weigh, keeping energy prices pinned. According to FXStreet on Monday, 19 February, "WTI US Crude Oil remands bid into near-term highs, testing $78.00 and bolstered above the 200-hour Simple Moving Average (SMA) near $76.60.", "WTI Crude Oil prices have seen a choppy, halting recovery after hitting a low of $67.97 in December, and WTI is still down nearly 17% from last September's peak bids near $94.00 per barrel."

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.