(VIANEWS) – Copper (HG) has been up by 7.6% for the last 21 sessions. At 05:50 EST on Tuesday, 18 June, Copper (HG) is $4.40.
Volume
Today’s last reported volume for Copper is 19044, 99.99% below its average volume of 9655779760.3.
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)
- Copper and aluminum set to slide on short-term – TDS. According to FXStreet on Monday, 17 June, "With few signs of physical tightness, and increasing inventory levels across the globe, Copper remains at risk given macro traders have already built an extremely bloated long position. "
News about
- According to FXStreet on Monday, 17 June, "At the time of writing, Crude Oil (WTI) trades at $78.33and Brent Crude at $82.50"
- Crude oil snaps higher as hopes of rising demand continue to bolster barrel bids. According to FXStreet on Monday, 17 June, "A planned phasing out of voluntary production cuts for OPEC ally member states, OPEC+, is expected to begin later in the year as OPEC+ begins to crack under the financial pressure of trying to prop up global Crude Oil prices. ", "Barrel traders continue to hope for an expected uptick in summer Crude Oil demand to stop up a possible oversupply wave that could hit barrel stocks as production continues to outpace projections."
- According to FXStreet on Tuesday, 18 June, "Apart from this, expectations that a drawdown in US inventories will tighten the market in the second half of the year should act as a tailwind for Crude Oil prices.", "Adding to this, the emergence of fresh buying around the US Dollar (USD), which continues to draw support from the Federal Reserve’s (Fed) hawkish outlook, might also contribute to capping gains for Crude Oil prices. "
More news about Copper (HG).
