Copper Futures Over 4% Down In The Last 10 Sessions

(VIANEWS) – Copper (HG) has been up by 4.96% for the last 10 sessions. At 02:50 EST on Thursday, 18 July, Copper (HG) is $4.42.

Volume

Today’s last reported volume for Copper is 8455, 99.99% below its average volume of 9385232728.4.

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)

  • Traders prefer aluminum over copper – TDS. According to FXStreet on Tuesday, 16 July, "This fits with reports that China’s State Grid may have slowed Copper wire purchases in favor of Aluminum wire.", "CTAs are fighting against this trend, however, and are likely to buy Copper this week in every plausible scenario, even in a big downtape."

More news about Copper (HG).

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