Copper Futures Bearish Momentum With A 7% Fall In The Last 10 Sessions

(VIANEWS) – Copper (HG) has been up by 7.5% for the last 10 sessions. At 05:51 EST on Sunday, 21 July, Copper (HG) is $4.24.

Volume

Today’s last reported volume for Copper is 58614, 99.99% below its average volume of 9504614202.29.

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)

  • No political impetus and high supply from China weigh on copper price – commerzbank. According to FXStreet on Friday, 19 July, "According to China’s National Bureau of Statistics, refined Copper production rose slightly again in June and was therefore 3.6% higher than the previous year. ", "This means that the correction, in the course of which Copper production had declined somewhat following the strong growth rates before, did not continue."
  • Ero copper corp. (ero) registers a bigger fall than the market: important facts to note. According to Zacks on Friday, 19 July, "Valuation is also important, so investors should note that Ero Copper Corp. has a Forward P/E ratio of 10.84 right now. ", "Any recent changes to analyst estimates for Ero Copper Corp. should also be noted by investors. "

More news about Copper (HG).

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