(VIANEWS) - Copper (HG) has been up by 4.03% for the last 5 sessions. At 10:50 EST on Friday, 16 February, Copper (HG) is $3.83.
Volume
Today's last reported volume for Copper is 72617, 99.99% below its average volume of 10433627661.36.
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 plunges to near $75.0 following a larger increase in US crude oil stockpiles. According to FXStreet on Thursday, 15 February, "West Texas Intermediate (WTI) Crude oil price declined following a larger-than-anticipated increase in US Crude Oil Stockpiles, which raised concerns about the demand outlook in the United States (US), the world's largest consumer of Crude oil products. ", "US Energy Information Administration showed that Crude Oil Stocks Change rose by 12.018 million barrels to 439.5 million barrels for the week ending on February 9. "
- According to FXStreet on Thursday, 15 February, "The larger-than-expected build in US Crude Oil inventories, to a larger extent, overshadows a combination of factors and exerts some pressure on the black liquid. ", "West Texas Intermediate (WTI) US Crude Oil prices extend the overnight pullback from the vicinity of mid-$78.00s, or a fresh monthly peak and drift lower for the second successive day on Thursday. "
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