Coffee Futures Rises By 3% In The Last 10 Sessions

(VIANEWS) – Coffee (KC) has been up by 3.84% for the last 10 sessions. At 05:55 EST on Wednesday, 7 August, Coffee (KC) is $239.55.

Today’s last reported volume for Coffee is 2787, 86.86% below its average volume of 21211.67.

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.

According to FXStreet on Tuesday, 6 August, "This, in turn, is holding back traders from placing aggressive bullish bets around Crude Oil prices and keeping a lid on any meaningful appreciating move.", "Apart from this, subdued US Dollar (USD) price action, amid rising bets for a bigger interest rate cut by the Federal Reserve (Fed), turn out to be key factors acting as a tailwind for Crude Oil prices."
According to FXStreet on Tuesday, 6 August, "Concerns about an economic downturn in the US and China - the world’s two largest economies - continue to act as a headwind for Crude Oil prices. ", "Some follow-through selling below the $71.00 mark will reaffirm the negative bias and make Crude Oil prices vulnerable to accelerate the fall towards intermediate support near mid-$70.00s en route to the $70.00 psychological mark. "

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