(VIANEWS) – Copper (HG) has been up by 6.81% for the last 5 sessions. At 20:51 EST on Friday, 24 May, Copper (HG) is $4.76.
Volume
Today’s last reported volume for Copper is 58133, 99.99% below its average volume of 9617539141.52.
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
- According to FXStreet on Thursday, 23 May, "West Texas Intermediate (WTI) US Crude Oil is trading up over a percent at $78.01 on Thursday."
- According to FXStreet on Thursday, 23 May, "USD/CAD had been trading significantly down for the day prior to the data on the back of a mixture of higher Crude Oil prices (CAD positive), positive risk appetite (CAD positive), better-than-expected Canadian Housing data and technical chart resistance. "
- Crude oil backslides into the red on Thursday, WTI falls below $77 as diminishing rate cut hopes weigh. According to FXStreet on Thursday, 23 May, "According to the American Petroleum Institute (API) and the Energy Information Administration (EIA), US Crude Oil barrel counts have risen once again week-on-week, eating away at the previous week’s declines. ", "US Crude Oil production has once again threatened to outpace demand, leading to a fresh buildup in week-on-week barrel counts and renewing concerns that a US-led overhang of Crude Oil could push barrel prices paid even lower."
- According to FXStreet on Friday, 24 May, "At the time of writing, Crude Oil (WTI) trades at $77.45and Brent Crude at $81.62"
More news about Copper (HG).
