(VIANEWS) – Copper (HG) has been up by 6.79% for the last 10 sessions. At 08:50 EST on Saturday, 6 July, Copper (HG) is $4.67.
Volume
Today’s last reported volume for Copper is 118064, 99.99% below its average volume of 9598532703.35.
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, 4 July, "This, in turn, is anticipated to dent long-term fuel demand and is seen as a key factor exerting downward pressure on Crude Oil prices. ", "This led to the overnight slump in the US Treasury bond yields and dragged the US Dollar (USD) to a three-week low, which could further lend some support to Crude Oil prices. "
- According to FXStreet on Friday, 5 July, "Moreover, the latest optimism over expectations of a pick up in fuel demand in the US during the travel-heavy summer season, along with speculations about OPEC+ cuts in the third quarter, should lend some support to Crude Oil prices. ", "The aforementioned fundamental backdrop suggests that any subsequent downtick might still be seen as a buying opportunity, though China’s economic woes warrant caution before positioning for any further gains for Crude Oil prices. "
More news about Copper (HG).
