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Coffee Futures Bullish By 2% In The Last 5 Sessions

(VIANEWS) – Coffee (KC) has been up by 2.79% for the last 5 sessions. At 08:52 EST on Tuesday, 16 May, Coffee (KC) is $191.90.

Volume

Today’s last reported volume for Coffee is 6868, 65.71% below its average volume of 20032.36.

Volatility

Coffee’s last week, last month’s, and last quarter’s current intraday variation average was a negative 1.96%, a negative 1.81%, and a positive 2.28%, respectively.

Coffee’s highest amplitude of average volatility was 1.96% (last week), 2.19% (last month), and 2.28% (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 Monday, 15 May, "Apart from this, a modest bounce in Crude Oil prices from over a one-week low set earlier this Monday underpins the commodity-linked Loonie. "
  • Crude oil forecast: continues to see a lot of noise – 15 May 2023. According to DailyForex on Monday, 15 May, "Ultimately, the WTI Crude Oil market witnessed an initial decline but found support around the $70 level, while Brent crude oil also experienced a negative start, breaching the $75 level. "

More news about Coffee (KC).

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