(VIANEWS) – Cocoa (CC=f) is currently on bearish momentum. At 11:04 EST on Thursday, 15 July, Cocoa (CC=f) is at $2,376.00 and 1.08% down since the last session’s close.

Volume

Today’s last reported volume for Cocoa is 7135, 100% below its average volume of 28092354886.68.

Cocoa Range

Regarding Cocoa’s daily highs and lows, it’s 0.586% down from its trailing 24 hours low of $2,390.00 and 2.061% down from its trailing 24 hours high of $2,426.00.

Volatility

Cocoa’s last week, last month’s, and last quarter’s current volatility was 1.33%, 0.05%, and 1.31%, 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 1.98% (last week), 1.17% (last month), and 1.31% (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 oversold (<=20).

News about Crude Oil

WTI crude oil forecast: market continues to challenge $75 – 12 July 2021. According to DailyForex on Monday, 12 July, "The West Texas Intermediate Crude Oil market gapped a little bit higher during the trading session on Friday, but then shot higher to reach towards the $75 level. "

More news about Cocoa (CC=f).

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