(VIANEWS) – Copper (HG) has been up by 6.98% for the last 10 sessions. At 08:50 EST on Sunday, 17 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
- 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 EIA’s Crude Oil Stocks Change for the same period showed a 1.536 million barrel decline, missing the forecast buidup of 1.338 million barrels and wiping out the previous week’s 1.367 million barrel increase."
- WTI crude oil weekly forecast: higher sustained prices developing strength – 17 March 2024. According to DailyForex on Sunday, 17 March, "The last time WTI Crude Oil traded above the 80.000 USD mark was in early November, this occurred during a bearish trend in the commodity which went onto to produce a test of the 68.000 price on the 14th of December. ", "If WTI Crude Oil continues to trade closer to 81.000 USD early this week, instead of moving back towards the 80.000 mark this could be a bullish signal."
More news about Copper (HG).
