(VIANEWS) – Copper (HG) has been up by 7.72% for the last 21 sessions. At 22:52 EST on Sunday, 3 December, Copper (HG) is $3.92.
Volume
Today’s last reported volume for Copper is 104477, 99.99% below its average volume of 11334542378.31.
Volatility
Copper’s last week, last month’s, and last quarter’s current intraday variation average was 0.19%, 0.24%, and 0.80%, respectively.
Copper’s highest amplitude of average volatility was 0.83% (last week), 0.80% (last month), and 0.80% (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: weekly forecast 3rd December – 9th December – 03 December 2023. According to DailyForex on Sunday, 3 December, "Thursday’s selloff looks rather suspicious and may have been an attempt by some large WTI Crude Oil players to force short term buyers out of the marketplace. ", "Speculators who continue to search for higher values based on the notion that WTI Crude Oil is still too inexpensive should note demand remains relatively light due to global recessionary concerns. "
- Crude oil heading back down once again after WTI sees a sharp rejection from $76.50. According to FXStreet on Friday, 1 December, "According to the US Energy Information Administration (EIA), US Crude Oil reserves climbed even further for the week into November 24th, adding 1.6 million barrels to current Crude Oil stocks. ", "US Crude Oil saw a sharp rejection from the 200-day Simple Moving Average (SMA) near $78.00 this week, and WTI is set to head into the Friday market close on the back foot."
- Crude oil forecast: markets continues to look to upside – 01 December 2023. According to DailyForex on Friday, 1 December, "The West Texas Intermediate (WTI) Crude Oil market exhibited bullish momentum on Thursday, signaling a potential breakout in the making. "
More news about Copper (HG).
