(VIANEWS) – Copper (HG) has been up by 3.3% for the last 5 sessions. At 16:52 EST on Friday, 17 November, Copper (HG) is $3.71.
Today’s last reported volume for Copper is 27355, 99.99% below its average volume of 11190901910.7.
Copper’s last week, last month’s, and last quarter’s current intraday variation average was 0.97%, 0.38%, and 0.83%, respectively.
Copper’s highest amplitude of average volatility was 0.97% (last week), 0.76% (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 oversold (<=20).
- According to FXStreet on Wednesday, 15 November, "This, along with the prevalent US Dollar (USD) selling bias, turns out to be another factor acting as a tailwind for Crude Oil prices.", "West Texas Intermediate (WTI) Crude Oil prices attract some dip-buying near the $77.65 region during the Asian session on Wednesday and for now, seem to have stalled the overnight pullback from a one-week high. "
- According to FXStreet on Thursday, 16 November, "EIA Crude Oil Stocks Change for the week ending on Nov 10, improved to 3.6M from 0.774M prior against the 1.793M as expected."
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