(VIANEWS) – Copper (HG) has been up by 3.17% for the last 5 sessions. At 04:50 EST on Monday, 13 November, Copper (HG) is $3.59.
Volume
Today’s last reported volume for Copper is 1194, 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 0.63%, a positive 0.23%, and a positive 0.83%, respectively.
Copper’s highest amplitude of average volatility was 0.73% (last week), 0.63% (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
- Crude oil looking to firm up a bounce from $76. According to FXStreet on Saturday, 11 November, "Despite significant production cuts from key member states of the Organization of the Petroleum Exporting Countries (OPEC), global oil demand has failed to materialize in a meaningful way, specifically weighed down by a notable lack of Crude Oil demand from China.", "West Texas Intermediate (WTI) Crude Oil prices have rebounded 2.8% on Friday, climbing from a daily low of $75.35 and testing into $77.50 heading towards the close after a rough week that has seen WTI shed 8.61% peak-to-trough."
- WTI crude oil: weekly forecast 12th November – 18th November – 12 November 2023. According to DailyForex on Sunday, 12 November, "And the last time WTI Crude Oil traded above the 80.000 USD mark was on Tuesday of last week.", "This highlights that supply remains quite stable and that large players in the energy sector are not as nervous as the ‘talking heads’ in the media regarding WTI Crude Oil.WTI Crude Oil Weekly Outlook:"
More news about Copper (HG).
