(VIANEWS) – Copper (HG) has been up by 3.04% for the last 5 sessions. At 02:53 EST on Tuesday, 17 September, Copper (HG) is $4.29.
Volume
Today’s last reported volume for Copper is 5794, 99.99% below its average volume of 9086733298.54.
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 Monday, 16 September, "This comes on top of a downward revision of demand growth forecasts by the Organization of Petroleum Exporting Countries (OPEC) and the International Energy Agency (IEA) and prompts fresh selling around Crude Oil prices. "
- Crude oil dips after soft Chinese data adds more downside pressure. According to FXStreet on Monday, 16 September, "Traders would stem a bigger rate cut as supportive of growth and demand, supporting Crude Oil prices.", "At the time of writing, Crude Oil (WTI) trades at $68.45 and Brent Crude at $71.82."
- According to FXStreet on Monday, 16 September, "The downside, however, seems cushioned in the wake of weaker Crude Oil prices, which tends to undermine the commodity-linked Loonie.", "This, in turn, fails to assist Crude Oil prices to capitalize on last week’s recovery from the lowest level since May 2023. "
More news about Copper (HG).
