(VIANEWS) – Copper (HG) has been up by 2.85% for the last 5 sessions. At 01:51 EST on Tuesday, 20 February, Copper (HG) is $3.81.
Volume
Today’s last reported volume for Copper is 44798, 99.99% below its average volume of 10616073376.27.
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).
News about
- WTI crude oil weekly forecast: speculative values remain near mid-term highs – 18 February 2024. According to DailyForex on Sunday, 18 February, "Meaning the recent buying of WTI Crude Oil may be happening by those who want to take delivery of a product that is perceived as cheaper now before spring and summer demand could increases prices.", "If the 76.000 mark is hit and WTI Crude Oil falls below the 75.250 vicinity, lower depths could be explored."
- Crude oil tests the high end as geopolitical concerns weigh, keeping energy prices pinned. According to FXStreet on Monday, 19 February, "West Texas Intermediate (WTI) US Crude Oil tested above $78.00 per barrel on Monday, finding room to the upside with US markets darkened for the American President’s Day federal holiday.", "WTI Crude Oil prices have seen a choppy, halting recovery after hitting a low of $67.97 in December, and WTI is still down nearly 17% from last September’s peak bids near $94.00 per barrel."
More news about Copper (HG).
