(VIANEWS) – Copper (HG) has been up by 11.66% for the last 21 sessions. At 17:50 EST on Thursday, 8 August, Copper (HG) is $3.98.
Volume
Today’s last reported volume for Copper is 61544, 99.99% below its average volume of 9189893207.19.
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).
Previous days news about Copper (HG)
- Copper: signs of selling exhaustion are emerging – TDS. According to FXStreet on Wednesday, 7 August, "Finally, signs of selling exhaustion are emerging in Copper markets, TDS senior commodity strategist Daniel Ghali notes."
News about
- According to FXStreet on Tuesday, 6 August, "Some follow-through selling below the $71.00 mark will reaffirm the negative bias and make Crude Oil prices vulnerable to accelerate the fall towards intermediate support near mid-$70.00s en route to the $70.00 psychological mark. ", "Concerns about an economic downturn in the US and China - the world’s two largest economies - continue to act as a headwind for Crude Oil prices. "
- According to FXStreet on Tuesday, 6 August, "This is expected to dent fuel demand and drags Crude Oil prices lower for the fourth straight day, which, in turn, is seen undermining demand for the commodity-linked Loonie. ", "Furthermore, the risk of a broader Middle East conflict continues to fuel concerns about supply disruptions from the key Oil producing region and could help limit losses for Crude Oil prices. "
- Crude oil unable to find a bid as WTI languishes below $73. According to FXStreet on Tuesday, 6 August, "West Texas Intermediate (WTI) US Crude Oil fell back below $73.00 per barrel on Tuesday as fossil markets struggle to find a foothold with barrel bids firmly entrenched in the low side after a four-week tumble.", "Still, the figure looks set to end a multi-week run of sharp declines in US Crude Oil supplies after last week showed a -4.495 million barrel contraction. "
More news about Copper (HG).
