(VIANEWS) – Copper (HG) has been up by 3.06% for the last 5 sessions. At 13:50 EST on Sunday, 12 November, Copper (HG) is $3.60.
Volume
Today’s last reported volume for Copper is 89610, 99.99% below its average volume of 11536462913.97.
Volatility
Copper’s last week, last month’s, and last quarter’s current intraday variation average was a negative 0.22%, a positive 0.17%, and a positive 0.83%, respectively.
Copper’s highest amplitude of average volatility was 0.87% (last week), 0.64% (last month), and 0.83% (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 overbought (>=80).
News about
- According to FXStreet on Friday, 10 November, "Even from a technical perspective, this week’s sustained break and acceptance below the very important 200-day SMA suggest that the path of least resistance for Crude Oil prices remains to the downside. ", "Apart from this, concerns over slowing demand in the US and China - the world’s top consumers - continue to weigh on Crude Oil prices."
- Crude oil looking to firm up a bounce from $76. According to FXStreet on Saturday, 11 November, "US Crude Oil stocks declined sharply last month, but the drawdown is larger a result of oil refiners capitalizing on soaring oil prices, and Crude Oil stocks continue to rebound almost as quickly as they declined.", "Despite significant production cuts from key member states of the Organization of the Petroleum Exporting Countries (OPEC), global oil demand has failed to materialize in a meaningful way, specifically weighed down by a notable lack of Crude Oil demand from China."
More news about Copper (HG).
