(VIANEWS) – Copper (HG) has been up by 11.16% for the last 21 sessions. At 11:53 EST on Thursday, 1 August, Copper (HG) is $4.10.
Volume
Today’s last reported volume for Copper is 59689, 99.99% below its average volume of 9242356331.78.
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)
- Copper: demand concerns outweigh disappointing production and potential shortfalls – commerzbank. According to FXStreet on Tuesday, 30 July, "At the end of last week, the world’s largest Copper mine producer based in Chile reported an 8.4% year-on-year decline in Copper output for the first half of the year, Commerzbank’s commodity analyst Barbara Lambrecht notes.", "The fact that the Copper price came under renewed pressure despite disappointing production reports and the threat of production losses is likely due to ongoing demand concerns. "
News about
- According to FXStreet on Wednesday, 31 July, "Meanwhile, the US Dollar (USD) extends the overnight pullback from a three-week peak amid dovish Federal Reserve (Fed) expectations and further benefits Crude Oil prices."
- Crude oil lurches higher amid US inventory draws, fresh middle east tensions. According to FXStreet on Wednesday, 31 July, "The EIA noted that US Crude Oil output fell in May for the first time since January, but also highlighted that US supplied products of fossil fuel and petroleum products hit its highest levels since August of 2023.", "An escalation of involvement in the Gaza conflict would see shockwaves through global Crude Oil markets."
More news about Copper (HG).
