Coffee Futures Bullish Momentum With A 17% Jump In The Last 21 Sessions

(VIANEWS) – Coffee (KC) has been up by 17.45% for the last 21 sessions. At 10:58 EST on Wednesday, 15 February, Coffee (KC) is $177.65.

Volume

Today’s last reported volume for Coffee is 15370, 10.74% below its average volume of 17220.08.

Volatility

Coffee’s last week, last month’s, and last quarter’s current intraday variation average was a negative 0.29%, a positive 1.22%, and a positive 2.15%, respectively.

Coffee’s highest amplitude of average volatility was 0.71% (last week), 1.66% (last month), and 2.15% (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 oversold (<=20).

News about

  • WTI crude oil forecast: range between $75 and $82.50 likely to hold for now, shorts possible near $80 – 13 February 2023. According to DailyForex on Monday, 13 February, "On the other hand, if we do turn around and breakout above the $82.50 level, then it’s possible that the West Texas Intermediate Crude Oil market is looking to the 200-Day EMA. "

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