Cocoa is currently on bearish momentum. At 12:08 EST on Tuesday, 4 May, Cocoa is at $2,328.00 and 1.73% down since the last session’s close.
Cocoa’s last week, last month’s, and last quarter’s current volatility was a negative 1.19%, a negative 0.05%, and a positive 2.08%, respectively.
Cocoa’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 1.74% (last week), 1.26% (last month), and 2.08% (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).
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