(VIANEWS) – Copper (HG) has been up by 11.24% for the last 21 sessions. At 05:50 EST on Thursday, 13 June, Copper (HG) is $4.54.
Volume
Today’s last reported volume for Copper is 16818, 99.99% below its average volume of 9541959444.91.
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 at risk of snapping recovery streak as markets head towards Wednesday’s fed showing. According to FXStreet on Tuesday, 11 June, "West Texas Intermediate (WTI) US Crude Oil failed to extend an ongoing recovery on the back of renewed hopes of a global supply drawdown. ", "Week-on-week Crude Oil Stocks Change counts from the Energy Information Administration (EIA) are due on Wednesday, but will likely get drowned out by a high-impact Fed showing and an update to US Consumer Price Index (CPI) inflation."
- Crude oil rally stumbles after fed leans away from rate cuts, WTI falls back below $78. According to FXStreet on Wednesday, 12 June, "West Texas Intermediate (WTI) US Crude Oil rose through Wednesday’s early trading, hitting a fresh June high near $79.00 per barrel before slumping back below $78.00 after the Energy Information Administration (EIA) reported another buildup in US Crude Oil supplies coupled with another Federal Reserve (Fed) rate hold.", "The Energy Information Administration (EIA) reported another unexpected buildup in US Crude Oil Stocks Change for the week ended June 7, adding 3.73 million barrels to the previous week’s 1.233 million, washing out the forecast contraction of -1.55 million."
- According to FXStreet on Tuesday, 11 June, " Meanwhile, Crude Oil prices edge lower as OPEC ministers said that they would not increase supply if prices remained weak. "
- According to FXStreet on Wednesday, 12 June, "At the time of writing, Crude Oil (WTI) trades at $78.28 and Brent Crude at $82.36"
More news about Copper (HG).
