(VIANEWS) – Cocoa (CC) is currently on bearish momentum. At 05:52 EST on Wednesday, 28 September, Cocoa (CC) is at $2,252.00 and 1.49% down since the last session’s close.

Volume

Today’s last reported volume for Cocoa is 1536, 99.99% below its average volume of 18677783.43.

Cocoa Range

Concerning Cocoa’s daily highs and lows, it’s 0.491% up from its trailing 24 hours low of $2,241.00 and 1.659% down from its trailing 24 hours high of $2,290.00.

Volatility

Cocoa’s last week, last month’s, and last quarter’s current intraday variation average was a negative 0.75%, a positive 0.06%, and a positive 1.68%, respectively.

Cocoa’s highest amplitude of average volatility was 1.34% (last week), 1.48% (last month), and 1.68% (last quarter), respectively.

Commodity Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Cocoa’s commodity is considered to be overbought (>=80).

News about Crude Oil

  • WTI crude oil forecast: crude oil plunges through support – 26 September 2022. According to DailyForex on Monday, 26 September, "The WTI Crude Oil market has recently seen the so-called "death cross" form, when the 50-Day EMA breaks down below the 200-Day EMA. "
  • According to FXStreet on Tuesday, 27 September, "Moving on, weekly prints of the American Petroleum Institute’s (API) Crude Oil Stock data, previous 1.035M, will join the US CB Consumer Confidence for September and Durable Goods Orders for August to determine short-term WTI moves."

More news about Cocoa (CC).

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