Copper Futures Bullish By 6% In The Last 10 Sessions

(VIANEWS) – Copper (HG) has been up by 6.23% for the last 10 sessions. At 08:50 EST on Tuesday, 9 July, Copper (HG) is $4.61.

Volume

Today’s last reported volume for Copper is 24868, 99.99% below its average volume of 9504613880.11.

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

  • Crude oil declines on Monday, WTI faces familiar technical levels as tropical storm fears ease. According to FXStreet on Monday, 8 July, "The tropical storm, which initially made landfall in Texas as a category 1 hurricane, has been downgraded after wind speeds declined, and looks set to peter out without disrupting US domestic Crude Oil markets.", "Crude Oil markets will be looking for a continuation of last week’s sharp supply drawdown after both the American Petroleum Institute (API) and the Energy Information Administration (EIA) both post huge week-on-week contractions in US Crude Oil supplies. "

More news about Copper (HG).

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