Copper Futures Bullish By 8% In The Last 21 Sessions

(VIANEWS) – Copper (HG) has been up by 8.28% for the last 21 sessions. At 11:50 EST on Tuesday, 7 May, Copper (HG) is $4.60.

Volume

Today’s last reported volume for Copper is 70954, 99.99% below its average volume of 9993530666.66.

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 continues to soften on middle east ceasefire talks, WTI falls to $78. According to FXStreet on Monday, 6 May, "US Crude Oil production has edged into higher territory in recent weeks, and supply is slowly beginning to outstrip demand. ", "Recent bearish sentiment in Crude Oil has sent WTI further down from the 200-hour Exponential Moving Average (EMA) at $80.43, and US Crude Oil prices are down 3% in May."

More news about Copper (HG).

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