Copper Futures Bullish By 6% In The Last 10 Sessions

(VIANEWS) – Copper (HG) has been up by 6.24% for the last 10 sessions. At 08:53 EST on Wednesday, 25 September, Copper (HG) is $4.48.

Volume

Today’s last reported volume for Copper is 38864, 99.99% below its average volume of 8969269210.74.

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 prices remain buoyed by geopolitical concerns while European economy enters doom scenario. According to FXStreet on Monday, 23 September, "At the time of writing, Crude Oil (WTI) trades at $71.59 and Brent Crude at $74.41"
  • According to FXStreet on Wednesday, 25 September, " Oil traders will take more cues from the weekly EIA Crude Oil stockpiles report, which is due later on Wednesday. "
  • Crude oil jumps above $72 as China issues cash injection, UN assembles. According to FXStreet on Tuesday, 24 September, "Crude Oil is not enjoying one but three catalysts, all taking place simultaneously, which are driving Crude Oil prices above the $71.46 (the February 5 low) key level. ", "It would not come as a surprise that Crude Oil would hit $75 by the end of this week if the three fundamental catalysts remain in focus."

More news about Copper (HG).

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