(VIANEWS) - Copper (HG) has been up by 2.44% for the last 5 sessions. At 19:50 EST on Saturday, 16 December, Copper (HG) is $3.88.
Volume
Today's last reported volume for Copper is 71331, 99.99% below its average volume of 11203810358.2.
Volatility
Copper's last week, last month's, and last quarter's current intraday variation average was 0.38%, 0.33%, and 0.84%, respectively.
Copper's highest amplitude of average volatility was 0.82% (last week), 1.02% (last month), and 0.84% (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).
News about
- Crude oil continues recovery rebound, WTI reclaims $72.50. According to FXStreet on Thursday, 14 December, "Despite this, Energy Information Administration (EIA) barrel counts unexpectedly declined this week, with a 4.259 million barrel drawdown in US Crude Oil reserves for the week ended December 8. ", "A declining US Dollar, in tandem with rising market sentiment on the possibility of rate cuts from the Federal Reserve coming sooner rather than later, is helping to prop up Crude Oil prices heading into the tail end of the trading week."
- According to FXStreet on Thursday, 14 December, "The Crude oil prices gained ground after the release of the US EIA Crude Oil Stocks Change for the week ending on December 8, along with the Federal Reserve's (Fed) Interest Rate Decision to hold interest rates at 5.5% as widely expected.", "EIA Crude Oil stockpiles are withdrawn by 4.259 million barrels more than the expected withdrawal of 0.65 million barrels."
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