Coffee Futures Bearish By 2% In The Last 5 Sessions

(VIANEWS) – Coffee (KC) has been up by 2.77% for the last 5 sessions. At 04:52 EST on Wednesday, 3 January, Coffee (KC) is $189.50.

Volume

Today’s last reported volume for Coffee is 406, 98.02% below its average volume of 20596.42.

Volatility

Coffee’s last week, last month’s, and last quarter’s current intraday variation average was a negative 2.75%, a negative 2.97%, and a positive 2.71%, respectively.

Coffee’s highest amplitude of average volatility was 2.75% (last week), 3.42% (last month), and 2.71% (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

  • According to FXStreet on Wednesday, 3 January, "The upcoming release of the US EIA Crude Oil Stocks Change and API Weekly Crude Oil Stock data for the week ending on December 29 will be closely monitored on Wednesday. "
  • According to DailyForex on Monday, 1 January, "The West Texas Intermediate Crude Oil market initially tried to rally during the week but found the area above the $75 level to be a bit too much to overcome. "
  • WTI crude oil: weekly forecast 1st January – 6th January – 01 January 2024. According to DailyForex on Monday, 1 January, "Due to the lower trading volumes and a lack of full volume until the 8th of December, traders who want to participate in WTI Crude Oil should be braced for the potential of quiet range trading being displayed. ", "WTI Crude Oil went into this weekend near the 71.300 mark which was the week’s low essentially. "

More news about Coffee (KC).

Leave a Reply

Your email address will not be published. Required fields are marked *