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Coffee Futures Jumps By 8% In The Last 21 Sessions

ViaNews Editorial Team

December 13, 2023

Coffee Futures Jumps By 8% In The Last 21 Sessions

(VIANEWS) - Coffee (KC) has been up by 8.54% for the last 21 sessions. At 13:55 EST on Wednesday, 13 December, Coffee (KC) is $186.20.

Volume

Today's last reported volume for Coffee is 613, 97.01% below its average volume of 20569.43.

Volatility

Coffee's last week, last month's, and last quarter's current intraday variation average was a negative 2.86%, a negative 4.28%, and a positive 2.51%, respectively.

Coffee's highest amplitude of average volatility was 2.86% (last week), 4.49% (last month), and 2.51% (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

  • Crude oil forecast: looks for buyers - 12 December 2023. According to DailyForex on Tuesday, 12 December, "The West Texas Intermediate (WTI) Crude Oil market displayed a degree of noise and choppiness during Monday's trading session, reflective of its ongoing stabilization efforts. "
  • According to FXStreet on Monday, 11 December, "The data was seen as a reflection of weak consumer demand, warranting caution before placing aggressive bullish bets around Crude Oil prices. ", "West Texas Intermediate (WTI) Crude Oil prices edge higher during the Asian session on Monday and look to build on last week's modest recovery from the $69.00/barrel mark or the lowest level since June 29. "

More news about Coffee (KC).

ViaNews Editorial Team

Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.