(VIANEWS) – Copper (HG) has been up by 4.07% for the last 10 sessions. At 16:51 EST on Tuesday, 20 February, Copper (HG) is $3.86.
Volume
Today’s last reported volume for Copper is 128342, 99.99% below its average volume of 10558377733.72.
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
- Crude oil tests the high end as geopolitical concerns weigh, keeping energy prices pinned. According to FXStreet on Monday, 19 February, "WTI Crude Oil prices have seen a choppy, halting recovery after hitting a low of $67.97 in December, and WTI is still down nearly 17% from last September’s peak bids near $94.00 per barrel.", "WTI US Crude Oil remands bid into near-term highs, testing $78.00 and bolstered above the 200-hour Simple Moving Average (SMA) near $76.60."
- WTI crude oil weekly forecast: speculative values remain near mid-term highs – 18 February 2024. According to DailyForex on Sunday, 18 February, "If the 76.000 mark is hit and WTI Crude Oil falls below the 75.250 vicinity, lower depths could be explored.", "But before traders assume the reason for WTI Crude Oil trading within sight of mid-term highs is due to Middle East tensions increasing, traders should consider the fact that Middle East tensions have been high since the 7th of October. "
More news about Copper (HG).
