(VIANEWS) – Copper (HG) has been up by 5.93% for the last 10 sessions. At 11:50 EST on Wednesday, 29 May, Copper (HG) is $4.78.
Volume
Today’s last reported volume for Copper is 58795, 99.99% below its average volume of 9733180180.1.
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 stretches gains, WTI tests $78.50 ahead of inflation data and looming opec+ meeting. According to FXStreet on Monday, 27 May, "US Crude Oil rebounded on Monday, extending a near-term rebound from the $76.00 handle, however, bullish momentum faces immediate technical resistance at the $80.00 price level. ", "The Organization of the Petroleum Exporting Countries (OPEC) and its extended membership network, OPEC+, are broadly expected to maintain voluntary production caps that were initially adopted in 2023 to prop up global Crude Oil prices. "
- Crude oil extends gains, WTI breaks $80 as markets look to opec+. According to FXStreet on Tuesday, 28 May, "OPEC begins an online-only meeting on Sunday, June 2, where the Crude Oil alliance is broadly expected to maintain voluntary production caps of 2.2 million bpd that have been in place since the third quarter of 2023. ", "Global Crude Oil demand failed to rebound through 2024 to a degree that energy markets had anticipated, and global production risks running far ahead of how much Crude Oil that global economies can absorb."
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