(VIANEWS) – Copper (HG) has been up by 3.89% for the last 10 sessions. At 16:50 EST on Friday, 23 February, Copper (HG) is $3.87.
Volume
Today’s last reported volume for Copper is 54538, 99.99% below its average volume of 10388992481.65.
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)
- Fundamentals increasingly improving in copper market – ANZ. According to FXStreet on Thursday, 22 February, "Market expectations of a weak outlook have weighed significantly on the Copper market in 2023. "
News about
- According to FXStreet on Thursday, 22 February, "Crude oil prices face pressure as the American Petroleum Institute (API) reported a higher-than-expected Crude Oil Stock figure of 7.168 million barrels for the week ending February 16, compared to the expected 4.298 million barrels. ", "Investors await the release of the US Energy Information Administration’s (EIA) Crude Oil Stocks Change later in the North American session for further insights into inventory levels."
- According to FXStreet on Thursday, 22 February, " Oil traders will focus on the US S&P Global Services Purchasing Managers Index (PMI) for February and the Energy Information Administration (EIA) Crude Oil stockpiles report is due on Thursday. "
- Crude oil rises on Wednesday as energies shrug off another inventories surge. According to FXStreet on Wednesday, 21 February, "WTI US Crude Oil climbed over 2% bottom-to-top from Wednesday’s low bids near $76.25, and WTI is climbing towards $78.00 per barrel as energy markets pin back into near-term highs.", "Barrel traders are betting on an uptick in US refining capacity to eat away at record Crude Oil production within the US and other countries that are not part of the Organization of the Petroleum Exporting Countries (OPEC)."
More news about Copper (HG).
