(VIANEWS) – Copper (HG) has been up by 5.52% for the last 10 sessions. At 11:50 EST on Wednesday, 17 July, Copper (HG) is $4.41.
Volume
Today’s last reported volume for Copper is 47164, 99.99% below its average volume of 9412515278.34.
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).
Previous days news about Copper (HG)
- Teck resources (teck) exits coal to focus on copper, stock up. According to Zacks on Monday, 15 July, "Teck Resources plans to use the balance of its proceeds from the sale of the steelmaking unit to advance its copper projects including the Highland Valley Copper Mine Life Extension, Zafranal Project, San Nicolas Project and QB debottlenecking. ", "Its main projects are Highland Valley Copper in Canada, and Quebrada Blanca (QB) and Carmen de Andacollo in Chile. "
- Traders prefer aluminum over copper – TDS. According to FXStreet on Tuesday, 16 July, "Our tracking of positioning for the top traders on Shanghai Futures Exchange (SHFE) Copper highlights a substantial increase in traders’ net short positions, with the top ten participants adding more than 10k SHFE lots to their books short over the last week, equivalent to 51.5kt of notional Copper sold short. ", "This fits with reports that China’s State Grid may have slowed Copper wire purchases in favor of Aluminum wire."
More news about Copper (HG).
