Copper Futures Over 2% Down In The Last 5 Sessions

(VIANEWS) – Copper (HG) has been up by 2.26% for the last 5 sessions. At 07:50 EST on Thursday, 8 February, Copper (HG) is $3.73.

Volume

Today’s last reported volume for Copper is 30852, 99.99% below its average volume of 10592919023.88.

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 continues thin recovery, WTI struggles to reclaim $74. According to FXStreet on Wednesday, 7 February, "US Crude Oil is seen rising to 13.21 million bpd through 2024 and then climbing to 13.49 million bpd in 2025.", "The EUA reported that US Crude Oil inventories climbed by 5.521 million barrels for the week ended February 2, well above the forecast 1.895 million barrel buildup. "

More news about Copper (HG).

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