Copper Futures Slides By 5% In The Last 5 Sessions

(VIANEWS) – Copper (HG) has been up by 5.47% for the last 5 sessions. At 22:51 EST on Friday, 24 February, Copper (HG) is $3.96.

Volume

Today’s last reported volume for Copper is 52223, 99.99% below its average volume of 14875481682.84.

Volatility

Copper’s last week, last month’s, and last quarter’s current intraday variation average was a positive 0.72%, a negative 0.09%, and a positive 1.07%, respectively.

Copper’s highest amplitude of average volatility was 1.41% (last week), 0.98% (last month), and 1.07% (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 overbought (>=80).

News about

  • According to FXStreet on Thursday, 23 February, "A goodish recovery in Crude Oil prices underpins the commodity-linked Loonie, which, in turn, is seen as a key factor weighing on the USD/CAD pair. "
  • According to FXStreet on Thursday, 23 February, "Apart from this, looming recession risks should keep a lid on any optimistic move in the markets and seem to act as a headwind for Crude Oil prices. "

More news about Copper (HG).

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