(VIANEWS) – Copper (HG) has been up by 9.77% for the last 21 sessions. At 20:53 EST on Wednesday, 31 July, Copper (HG) is $4.19.
Volume
Today’s last reported volume for Copper is 1516, 99.99% below its average volume of 9286535784.08.
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, "But new production losses are also looming here: The union has called on workers at the world’s largest Copper mine, Escondida, that has a capacity of 1.35 million tons of Copper ore, to reject the employers’ offer and go on strike. ", "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."
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."
- According to FXStreet on Wednesday, 31 July, "The US Energy Information Administration (EIA) will report the Crude Oil Stocks Change later in the North American session. "
- Crude oil lurches higher amid US inventory draws, fresh middle east tensions. According to FXStreet on Wednesday, 31 July, "West Texas Intermediate (WTI) US Crude Oil jumped back into $78.00 per barrel on Wednesday after the Energy Information Administration (EIA) reported another steeper-than-expected decline in US Crude Oil Stocks Change, adding to a recent downswing in US barrel counts. ", "Elsewhere, Crude Oil risk aversion took a step higher on Wednesday following confirmation that the leader of Iranian Hezbollah’s air force was assassinated this week. "
More news about Copper (HG).
