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Copper Futures Bearish By 4% In The Last 10 Sessions

(VIANEWS) – Copper (HG) has been up by 4.81% for the last 10 sessions. At 08:50 EST on Wednesday, 15 March, Copper (HG) is $3.88.

Volume

Today’s last reported volume for Copper is 54981, 99.99% below its average volume of 14180571236.68.

Volatility

Copper’s last week, last month’s, and last quarter’s current intraday variation average was a negative 0.61%, a negative 0.26%, and a positive 1.07%, respectively.

Copper’s highest amplitude of average volatility was 0.61% (last week), 1.35% (last month), and 1.07% (last quarter), respectively.

Commodity Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Copper’s commodity is considered to be oversold (<=20).

News about

  • According to FXStreet on Monday, 13 March, "Although a five-week-old support line restricts immediate WTI crude oil downside near $75.00, a daily closing beyond the 50-DMA hurdle surrounding $77.75 becomes necessary for the Crude Oil price to keep the buyers in the driver’s seat."

More news about Copper (HG).

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