(VIANEWS) – Copper (HG) has been up by 3.98% for the last 10 sessions. At 05:50 EST on Wednesday, 16 October, Copper (HG) is $4.39.
Volume
Today’s last reported volume for Copper is 16107, 99.99% below its average volume of 8887208829.69.
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).
Previous days news about Copper (HG)
- China imported more copper and large quantities of copper ore again in September – commerzbank. According to FXStreet on Tuesday, 15 October, "The latest data suggest that the supply of Copper ore is improving, which would argue against significant cuts in Copper production in China. ", "China imported 479,000 tons of unwrought Copper and Copper products in September, according to the General Administration of Customs on Monday, Commerzbank’s commodity analyst Carsten Fritsch notes."
News about
- According to FXStreet on Tuesday, 15 October, "This leads to a further decline in Crude Oil prices, which undermines the commodity-linked Loonie and lends additional support to the USD/CAD pair."
- According to FXStreet on Tuesday, 15 October, "On Monday, Crude Oil prices dropped nearly 5% following the release of the OPEC Monthly Market Report, which revised its global Oil demand growth outlook for 2024 and 2025. "
- Crude oil nosedives after IEA says oversupply still continues. According to FXStreet on Tuesday, 15 October, "At the time of writing, Crude Oil (WTI) trades at $70.12 and Brent Crude at $74.09", "There is a challenging path to recovery if Crude Oil wants to get back to $75.00. "
- Usd/cad eyes 1.3800 mark amid bullish usd, weaker crude oil prices. According to FXStreet on Monday, 14 October, "In the meantime, the risk of a further escalation of geopolitical tensions in the Middle East and concerns about supply disruptions from the key producing region should limit losses for Crude Oil prices. ", "The momentum is sponsored by a bullish US Dollar (USD) and declining Crude Oil prices, which tend to undermine the commodity-linked Loonie."
More news about Copper (HG).
