(VIANEWS) – Copper (HG) has been up by 4.04% for the last 10 sessions. At 04:50 EST on Wednesday, 24 January, Copper (HG) is $3.89.
Volume
Today’s last reported volume for Copper is 47173, 99.99% below its average volume of 10757149092.73.
Volatility
Copper’s last week, last month’s, and last quarter’s current intraday variation average was 0.27%, 0.15%, and 0.81%, respectively.
Copper’s highest amplitude of average volatility was 0.70% (last week), 0.64% (last month), and 0.81% (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 overbought (>=80).
News about
- Crude oil climbs as geopolitical tensions highlight supply weak points. According to FXStreet on Monday, 22 January, "2024 sees global oil production output and exporting continuing to climb despite hopeful production quotas from the Organization of the Petroleum Exporting Countries (OPEC) getting undercut by US Crude Oil production rising into historical highs.", "Between Ukraine targeting Russian energy infrastructure and Iran-backed Houthi rebels continuing to ramp up attacks on civilian cargo ships in the Red Sea, Crude Oil markets remain exposed to growing instability hobbling global trade if tensions continue to mount into a broader spill-over of multiple conflicts."
More news about Copper (HG).
