Copper Futures Jumps By 9% In The Last 21 Sessions

(VIANEWS) – Copper (HG) has been up by 9.93% for the last 21 sessions. At 05:50 EST on Monday, 29 April, Copper (HG) is $4.61.

Volume

Today’s last reported volume for Copper is 32390, 99.99% below its average volume of 10024470371.62.

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 Monday, 29 April, "The hawkish outlook, meanwhile, remains supportive of the underlying bullish tone around the US Dollar (USD) and might continue to weigh on Crude Oil prices.", "This comes after Russia announced more export and production cuts earlier this year, which, along with little signs of de-escalation of tensions in the Middle East, keep supply risks in play and should help limit any meaningful downside for Crude Oil prices."

More news about Copper (HG).

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