Copper Futures Went Up By Over 12% In The Last 21 Sessions

(VIANEWS) – Copper (HG) has been up by 12.09% for the last 21 sessions. At 14:51 EST on Friday, 27 September, Copper (HG) is $4.59.

Volume

Today’s last reported volume for Copper is 74401, 99.99% below its average volume of 8846738766.74.

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 nosedives after rumours Saudi Arabia is set to abandon price target. According to FXStreet on Thursday, 26 September, "At the time of writing, Crude Oil (WTI) trades at $67.45and Brent Crude at $70.92."
  • According to FXStreet on Thursday, 26 September, "This comes on top of a potential return of Libyan supply and turns out to be a key factor exerting downward pressure on Crude Oil prices. ", "From a technical perspective, Crude Oil prices showed some resilience below the 61.8% Fibonacci retracement level of the recent recovery from the lowest level since May 2023 touched earlier this month and bounced back to the $68.00 round-figure mark. "

More news about Copper (HG).

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