Copper Futures Bearish By 2% In The Last 5 Sessions

(VIANEWS) – Copper (HG) has been up by 2.4% for the last 5 sessions. At 11:50 EST on Thursday, 6 April, Copper (HG) is $3.99.

Volume

Today’s last reported volume for Copper is 63830, 99.99% below its average volume of 13837168410.09.

Volatility

Copper’s last week, last month’s, and last quarter’s current intraday variation average was a negative 1.10%, a negative 0.53%, and a positive 1.08%, respectively.

Copper’s highest amplitude of average volatility was 1.10% (last week), 1.02% (last month), and 1.08% (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).

Previous days news about Copper (HG)

  • Teck (teck) produces first copper at qb2, rejects glencore offer. According to Zacks on Tuesday, 4 April, "In the fourth quarter of 2022, the Copper segment’s net sales declined 18.5% year over year to CAD$753 ($554 million) million. "

News about

  • Crude oil forecast: gaps higher after the opec+ surprise production cut – 04 April 2023. According to DailyForex on Tuesday, 4 April, "The WTI Crude Oil market is currently facing a significant resistance level at the 200-day EMA. ", "In conclusion, the recent OPEC+ announcement to cut oil production has had a significant impact on the WTI Crude Oil and Brent markets, with both markets gapping higher. "

More news about Copper (HG).

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