(VIANEWS) – Copper (HG) has been up by 5.55% for the last 10 sessions. At 17:50 EST on Friday, 5 July, Copper (HG) is $4.67.
Volume
Today’s last reported volume for Copper is 118064, 99.99% below its average volume of 9358107781.79.
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
- According to FXStreet on Wednesday, 3 July, "That said, concerns over a slowdown in global economic growth might hold back bulls from placing fresh bets and cap the upside for Crude Oil prices.", "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."
- Crude oil rallies after sharp drawdown in EIA supplies, WTI reclaims $83. According to FXStreet on Wednesday, 3 July, "After a bullish breakout from a rough near-term consolidation phase, WTI is leaning steeper into a bull run, but momentum remains thin and could see Crude Oil backslide into the 200-day EMA rising above the $74.00 handle.", "The ongoing Israel-Palestinian Hamas conflict continues to broil in the Middle East, keeping a firm risk bid underpinning Crude Oil prices as energy traders hold onto fears that a destabilization of the situation would see the conflict spill over into neighboring countries, specifically drawing Iran directly into matters."
More news about Copper (HG).
