Copper Futures Bearish By 5% In The Last 10 Sessions

(VIANEWS) – Copper (HG) has been up by 5.67% for the last 10 sessions. At 04:50 EST on Saturday, 10 February, Copper (HG) is $3.69.

Volume

Today’s last reported volume for Copper is 84893, 99.99% below its average volume of 10721530500.54.

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

  • According to FXStreet on Friday, 9 February, "This comes on top of the continuous US strikes against Iran-backed Houthi targets in Yemen, which has been fueling supply concerns and is seen acting as a tailwind for Crude Oil prices. ", "This, to a larger extent, offsets the US refinery maintenance, which, along with a bullish US Dollar (USD), bolstered by hawkish Federal Reserve (Fed) expectations, keeps a lid on Crude Oil prices."

More news about Copper (HG).

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