(VIANEWS) – Copper (HG) has been up by 2.57% for the last 5 sessions. At 23:50 EST on Monday, 7 October, Copper (HG) is $4.48.
Volume
Today’s last reported volume for Copper is 26834, 99.99% below its average volume of 8960995315.11.
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, 7 October, "This turns out to be a key factor that acts as a tailwind for Crude Oil prices and warrants caution for bearish traders or positioning for any meaningful slide.", "That said, speeches by influential FOMC members will drive the USD demand and provide some impetus to USD-denominated commodities, including Crude Oil prices. "
- Crude oil rallies after biden administration says no to bombing iranian oil fields. According to FXStreet on Monday, 7 October, "At the time of writing, Crude Oil (WTI) trades at $75.78 and Brent Crude at $79.53.", "The current Crude Oil price level, with the red descending trendline and the 100-day Simple Moving Average (SMA) in the chart below at $75.74 just hovering above it, makes that region very difficult to break through. "
- According to FXStreet on Monday, 7 October, "Markets are bracing for an escalation in the newly-sparked conflict between Iran and Israel; commodity investors are worried that Israel is set to lash out at Iran and strike Iran’s Crude Oil industry, a move that could send global energy prices soaring. ", "Chevron (CVX) rose one-third of one percent, as the fuels provider benefits from rapidly-accelerating Crude Oil prices. "
More news about Copper (HG).
