(VIANEWS) – Cocoa (CC) is currently on bullish momentum. At 13:50 EST on Friday, 28 January, Cocoa (CC) is at $2,496.00 and 1.84% up since the last session’s close.

Volume

Today’s last reported volume for Cocoa is 18035, 99.99% below its average volume of 20956195632.49.

Cocoa Range

Concerning Cocoa’s daily highs and lows, it’s 2.337% up from its trailing 24 hours low of $2,439.00 and 0.04% down from its trailing 24 hours high of $2,497.00.

Volatility

Cocoa’s last week, last month’s, and last quarter’s current intraday variation average was a negative 1.00%, a positive 0.23%, and a positive 1.50%, respectively.

Cocoa’s highest amplitude of average volatility was 1.08% (last week), 1.41% (last month), and 1.50% (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).

Last news about Cocoa (CC)

  • Nestle to pay cocoa farmers cash incentives to fight child labor. According to Bloomberg Quint on Thursday, 27 January, "An average cocoa farmer in the Ivory Coast earns about 2,000 francs a year, while those working under Nestle’s Cocoa Plan — the company’s overarching cocoa program that started in 2009 — make about 3,000 francs, according to Magdi Batato, Nestle’s head of operations."

More news about Cocoa (CC).

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