(VIANEWS) – Copper (HG) has been up by 3.58% for the last 5 sessions. At 02:51 EST on Thursday, 4 July, Copper (HG) is $4.53.
Volume
Today’s last reported volume for Copper is 5536, 99.99% below its average volume of 9403403182.84.
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
- Crude oil churns on Tuesday, but losses limited after steep API drawdown. According to FXStreet on Tuesday, 2 July, "The Israel-Palestinian Hamas conflict continues to roil energy markets as investors remain concerned that a cross-border spillover of the conflict would involve direct action from Iran, which backs Hamas and would threaten Crude Oil supplies and logistics stability in the region.", "The American Petroleum Institute (API) noted its steepest week-on-week US Weekly Crude Oil Stocks in nearly two years; API barrel counts noted a weekly decline of -9.163 million, far below the forecast -150K drawdown and adding to the previous week’s -3 million barrel decline."
- According to FXStreet on Wednesday, 3 July, "Some follow-through buying, leading to a move beyond the $84.00 mark, will be seen as a fresh trigger for bulls and allow Crude Oil prices to accelerate the positive move towards the next relevant barrier, just ahead of the $85.00 psychological mark.", "Moreover, oscillators on the daily chart are holding in positive territory and are still away from being in the overbought zone, suggesting that the path of least resistance for Crude Oil prices is to the upside."
More news about Copper (HG).
