Cocoa is currently on bullish momentum. At 07:06 EST on Wednesday, 12 May, Cocoa is at $2,491.00 and 1.01% up since the last session’s close.
Regarding Cocoa’s daily highs and lows, it’s 2.722% up from its trailing 24 hours low of $2,425.00 and 2.722% up from its trailing 24 hours high of $2,425.00.
Cocoa’s last week, last month’s, and last quarter’s current volatility was 1.20%, 0.28%, and 1.91%, 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 2.19% (last week), 1.53% (last month), and 1.91% (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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