(VIANEWS) – Copper (HG) has been up by 3.06% for the last 5 sessions. At 10:50 EST on Saturday, 11 November, Copper (HG) is $3.60.
Volume
Today’s last reported volume for Copper is 89610, 99.99% below its average volume of 11536462913.97.
Volatility
Copper’s last week, last month’s, and last quarter’s current intraday variation average was a negative 0.22%, a positive 0.17%, and a positive 0.83%, respectively.
Copper’s highest amplitude of average volatility was 0.87% (last week), 0.64% (last month), and 0.83% (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
- WTI remains stuck on the low end as US crude oil production hits all-time high. According to FXStreet on Thursday, 9 November, "West Texas Intermediate (WTI) Crude Oil continues to get pushed into recent lows as barrel bids struggle to find the floor on bearish price pressures.", "WTI bids saw a rejection from the 200-day SMA last Friday, and technical resistance barriers are piling up in the near term, creating friction for any Crude Oil bidders looking to step into the markets."
- Crude oil forecast: looks for buyers in this area – 09 November 2023. According to DailyForex on Thursday, 9 November, "Starting with the West Texas Intermediate (WTI) Crude Oil market, it initially experienced a slight decline on Wednesday but subsequently rebounded, demonstrating its underlying resilience. "
- According to FXStreet on Friday, 10 November, "Apart from this, concerns over slowing demand in the US and China - the world’s top consumers - continue to weigh on Crude Oil prices.", "Even from a technical perspective, this week’s sustained break and acceptance below the very important 200-day SMA suggest that the path of least resistance for Crude Oil prices remains to the downside. "
More news about Copper (HG).
