Copper Futures Over 8% Down In The Last 21 Sessions

(VIANEWS) – Copper (HG) has been up by 8.49% for the last 21 sessions. At 14:50 EST on Saturday, 13 May, Copper (HG) is $3.73.

Volume

Today’s last reported volume for Copper is 78256, 99.99% below its average volume of 13681258216.05.

Volatility

Copper’s last week, last month’s, and last quarter’s current intraday variation average was a positive 0.06%, a negative 0.03%, and a positive 1.01%, respectively.

Copper’s highest amplitude of average volatility was 0.73% (last week), 0.82% (last month), and 1.01% (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 overbought (>=80).

News about

  • According to FXStreet on Thursday, 11 May, "That said, the EIA Crude Oil Stocks Change rose to 2.951M for the week ended on May 05 versus -0.917M market forecasts and -1.28M prior."
  • According to DailyForex on Thursday, 11 May, "Commodity prices among Crude Oil and Gold have been relatively steady and healthy this past week too, which may give some additional impetus to the USD/CAD striking a bearish notion."

More news about Copper (HG).

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