Copper Futures Bearish Momentum With A 9% Drop In The Last 21 Sessions

(VIANEWS) – Copper (HG) has been up by 9.65% for the last 21 sessions. At 11:50 EST on Saturday, 10 August, Copper (HG) is $3.98.

Volume

Today’s last reported volume for Copper is 48657, 99.99% below its average volume of 9367132742.57.

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: fear of a US recession ads to concerns over industrial activity in China – ANZ. According to FXStreet on Friday, 9 August, "Prices for Copper and the broader base metal market were hit hard earlier this week by a selloff across risk assets.", "Copper hit a record high earlier this year; but this month’s sharp moves lower in the JPY combined with concerns of a hard economic landing in the US could lead to further downside for Copper in the short term."

More news about Copper (HG).

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