(VIANEWS) – Copper (HG) has been up by 6.98% for the last 10 sessions. At 20:50 EST on Saturday, 16 March, Copper (HG) is $4.12.
Volume
Today’s last reported volume for Copper is 124386, 99.99% below its average volume of 10411263129.13.
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 Friday, 15 March, "This is expected to hamper economic activity and dent fuel demand, which, along with concerns about a slowdown in China, acts as a headwind for Crude Oil prices. ", "West Texas Intermediate (WTI) US Crude Oil prices oscillate in a narrow range, just above mid-$80.00s during the Asian session on Friday and remain well within the striking distance of the highest level since November 6 touched the previous day."
- Crude oil forecast: poised for breakout move – 15 March 2024. According to DailyForex on Friday, 15 March, "The West Texas Intermediate Crude Oil market looks very strong at the moment, and it certainly looks as if we could go much higher. "
- Crude oil holds steady on the high side on Friday, WTI buoyed above $80.00. According to FXStreet on Friday, 15 March, "The API reported on Tuesday that Weekly Crude Oil Stocks for the week ended March 8 declined 5.5 million barrels, well below the forecast uptick of 400K barrels, engulfing the previous week’s buildup of 4423K barrels. ", "The International Energy Agency (IEA) recently adjusted its forecasts, calling for a global Crude Oil deficit assuming the Organization of the Petroleum Exporting Countries (OPEC) maintains its current voluntary production caps. "
More news about Copper (HG).
