Coffee Futures Is 11% Down In The Last 21 Sessions

(VIANEWS) – Coffee (KC) has been up by 11.38% for the last 21 sessions. At 05:51 EST on Friday, 7 July, Coffee (KC) is $160.05.

Volume

Today’s last reported volume for Coffee is 1080, 94.57% below its average volume of 19907.6.

Volatility

Coffee’s last week, last month’s, and last quarter’s current intraday variation average was a negative 2.25%, a negative 2.62%, and a positive 2.22%, respectively.

Coffee’s highest amplitude of average volatility was 2.25% (last week), 2.96% (last month), and 2.22% (last quarter), respectively.

Commodity Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Coffee’s commodity is considered to be overbought (>=80).

News about

  • Crude oil forecast: oil markets show signs of consolidation – 06 July 2023. According to DailyForex on Thursday, 6 July, "In the WTI Crude Oil market, the $67.50 level is expected to provide a certain degree of support if prices start to decline. ", "However, some market participants see this as an opportunity to initiate short positions, anticipating a reversal.WTI Crude Oil Analysis"
  • According to FXStreet on Friday, 7 July, "That said, EIA Crude Oil Stocks Change improved to -1.508 million barrels (M) for the week ended on June 30 versus -9.603M in previous readings."

More news about Coffee (KC).

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