Coffee Futures Bearish Momentum With A 3% Drop In The Last 5 Sessions

(VIANEWS) – Coffee (KC) has been up by 3.78% for the last 5 sessions. At 08:50 EST on Wednesday, 2 October, Coffee (KC) is $258.50.

Volume

Today’s last reported volume for Coffee is 8699, 58.8% below its average volume of 21117.4.

Volatility

Coffee’s last week, last month’s, and last quarter’s current intraday variation average was 0.14%, 0.23%, and 2.95%, respectively.

Coffee’s highest amplitude of average volatility was 2.18% (last week), 1.89% (last month), and 2.95% (last quarter), respectively.

News about

  • According to FXStreet on Tuesday, 1 October, "The downward trajectory could eventually drag Crude Oil prices below the $64.00 mark, towards challenging the lower boundary of the aforementioned trend-channel, currently pegged near the $63.00-$62.90 region.", "This, along with some follow-through US Dollar (USD) buying, bolstered by the Federal Reserve (Fed) Chair Jerome Powell’s relatively hawkish remarks on Monday, turn out to be key factors weighing on Crude Oil prices."
  • Crude oil nosedives, shrugging off Israeli ground incursion into Lebanon. According to FXStreet on Tuesday, 1 October, "At the time of writing, Crude Oil (WTI) trades at $67.44 and Brent Crude at $71.15."
  • Crude oil edges lower despite intensified attacks on Lebanon. According to FXStreet on Monday, 30 September, "At the time of writing, Crude Oil (WTI) trades at $67.78and Brent Crude at $71.07."

More news about Coffee (KC).

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