Copper Futures Went Down By Over 3% In The Last 5 Sessions

(VIANEWS) – Copper (HG) has been up by 3.09% for the last 5 sessions. At 10:51 EST on Wednesday, 3 January, Copper (HG) is $3.84.

Volume

Today’s last reported volume for Copper is 56111, 99.99% below its average volume of 11000797595.

Volatility

Copper’s last week, last month’s, and last quarter’s current intraday variation average was a negative 0.25%, a positive 0.24%, and a positive 0.82%, respectively.

Copper’s highest amplitude of average volatility was 0.60% (last week), 0.88% (last month), and 0.82% (last quarter), respectively.

News about

  • WTI falls back towards $70 per barrel as crude oil extends declines. According to FXStreet on Tuesday, 2 January, "Markets were broadly expecting the figure to hold steady at November’s figure of 48.2, and a softening economic outlook for the US is driving down risk appetite, sending Crude Oil further down the charts as investors back into the safe haven US Dollar and sell off equities and commodities to kick off the 2024 trading year.", "West Texas Intermediate (WTI) Crude Oil bids fell on Tuesday following a reversal from the day’s early peak near $73.70, sending barrel bids back toward the $70.00 handle as energies markets face downside pressure from multiple fronts."
  • WTI crude oil: weekly forecast 1st January – 6th January – 01 January 2024. According to DailyForex on Monday, 1 January, "The ability of Crude Oil to incrementally move lower last week with light holiday trading at the forefront highlights that conditions remain calm in the minds of speculators. ", "Calm conditions in the Red and Arabian Seas the past week helped relax risk-averse traders and the price of WTI Crude Oil returned to lower levels it had traded the past month. "

More news about Copper (HG).

Leave a Reply

Your email address will not be published. Required fields are marked *