(VIANEWS) – Copper (HG) has been up by 2.44% for the last 5 sessions. At 22:50 EST on Thursday, 15 February, Copper (HG) is $3.77.
Volume
Today’s last reported volume for Copper is 4023, 99.99% below its average volume of 10467357005.
Volatility
Copper’s last week, last month’s, and last quarter’s current intraday variation average was 0.05%, 0.25%, and 0.82%, respectively.
Copper’s highest amplitude of average volatility was 0.41% (last week), 0.68% (last month), and 0.82% (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
- WTI plunges to near $75.0 following a larger increase in US crude oil stockpiles. According to FXStreet on Thursday, 15 February, "West Texas Intermediate (WTI) Crude oil price declined following a larger-than-anticipated increase in US Crude Oil Stockpiles, which raised concerns about the demand outlook in the United States (US), the world’s largest consumer of Crude oil products. ", "US Energy Information Administration showed that Crude Oil Stocks Change rose by 12.018 million barrels to 439.5 million barrels for the week ending on February 9. "
- Crude oil tests multi-week high before receding on supply buildup, WTI back below $77.00. According to FXStreet on Wednesday, 14 February, "Wednesday’s pullback sees US Crude Oil forming a bearish rejection from the 200-day Simple Moving Average (SMA) near $77.40, and WTI is at risk of continuing to churn within a consolidation zone between the 200-day SMA and the 50-day SMA near $73.55.", "West Texas Intermediate (WTI) US Crude Oil tested into fresh multi-week highs near $78.50 early Wednesday before US barrel counts showed a surprise build-up once again, knocking Crude Oil bids down once more. "
More news about Copper (HG).
