Coffee Futures Bearish By 5% In The Last 5 Sessions

(VIANEWS) – Coffee (KC) has been up by 5.67% for the last 5 sessions. At 05:52 EST on Wednesday, 27 September, Coffee (KC) is $149.60.

Volume

Today’s last reported volume for Coffee is 1166, 94.15% below its average volume of 19943.42.

Volatility

Coffee’s last week, last month’s, and last quarter’s current intraday variation average was a negative 2.37%, a positive 0.44%, and a positive 1.83%, respectively.

Coffee’s highest amplitude of average volatility was 2.37% (last week), 1.86% (last month), and 1.83% (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 DailyForex on Tuesday, 26 September, "What seems to have happened is that the higher price of Crude Oil which helped the USD/CAD create a bearish motion for a week and a half of trading has now run directly into fragile market sentiment, causing the reversal upwards. "
  • According to FXStreet on Tuesday, 26 September, " Looking ahead, oil traders will take cues from the API and EIA weekly Crude Oil Stock for the week ending September 22. "

More news about Coffee (KC).

Leave a Reply

Your email address will not be published.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