Copper Futures Bullish Momentum With A 6% Rise In The Last 10 Sessions

(VIANEWS) – Copper (HG) has been up by 6.61% for the last 10 sessions. At 02:51 EST on Tuesday, 19 March, Copper (HG) is $4.10.

Volume

Today’s last reported volume for Copper is 20372, 99.99% below its average volume of 10344737772.57.

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).

Previous days news about Copper (HG)

  • Strength seen in southern copper (scco): can its 6.0% jump turn into more strength?. According to Zacks on Monday, 18 March, "Southern Copper (SCCO Quick QuoteSCCO – Free Report) shares ended the last trading session 6% higher at $103. "

News about

  • According to FXStreet on Monday, 18 March, "This comes after OPEC+ members decided to extend the production cuts of 2.2 million barrels per day through the second quarter and fueled concerns about a tight global supply, which, in turn, is seen acting as a tailwind for Crude Oil prices.", "West Texas Intermediate (WTI) US Crude Oil prices build on last week’s strong gains of nearly 4% and gain some follow-through positive traction on Monday. "
  • Crude oil extends rally, WTI crosses above $82.00. According to FXStreet on Monday, 18 March, "US Crude Oil tested its highest barrel prices since November, hitting a 16-week high of $82.46 to kick off the new trading week.", "Energy markets are increasingly concerned that declining Crude Oil supplies will continue into the immediate future. "

More news about Copper (HG).

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