(VIANEWS) – Copper (HG) has been up by 2.22% for the last 5 sessions. At 02:50 EST on Wednesday, 24 May, Copper (HG) is $3.62.
Today’s last reported volume for Copper is 16753, 99.99% below its average volume of 13398198546.66.
Commodity Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Copper’s commodity is considered to be overbought (>=80).
- According to FXStreet on Monday, 22 May, "Support from a weakening US Dollar, however, lifts Crude Oil back up to Friday’s close after the weak open.", "At the time of writing, WTI Oil is trading in the upper $71s and Brent Crude Oil in the mid $75s."
- Crude oil forecast: kicks off the week with consolidation – 23 May 2023. According to DailyForex on Tuesday, 23 May, "TL; DR: the WTI Crude Oil and Brent markets are currently consolidating and showing signs of uncertainty. "
- Crude oil forecast: continues to see a lot of choppy behavior – 22 May 2023. According to DailyForex on Monday, 22 May, "Amidst the global economy’s uncertainty, the $70 level supports the WTI Crude Oil market. ", "Ultimately, the WTI Crude Oil and Brent markets face noise and choppiness amid an uncertain global economic environment. "
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