(VIANEWS) – Copper (HG) has been up by 2.24% for the last 5 sessions. At 16:52 EST on Monday, 20 November, Copper (HG) is $3.76.
Today’s last reported volume for Copper is 29342, 99.99% below its average volume of 11427884986.86.
Copper’s last week, last month’s, and last quarter’s current intraday variation average was 0.36%, 0.45%, and 0.83%, respectively.
Copper’s highest amplitude of average volatility was 0.67% (last week), 0.80% (last month), and 0.83% (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).
- WTI crude oil: weekly forecast 19th November – 25th November – 19 November 2023. According to DailyForex on Sunday, 19 November, "The price of WTI Crude Oil proved to be rather range bound last week as behavioral sentiment certainly ruled the trading landscape. ", "WTI Crude Oil may see some speculative buying based on the belief optimism is coming back into vogue within financial institutions.WTI Crude Oil Range is Speculative Still"
- According to FXStreet on Monday, 20 November, "West Texas Intermediate (WTI) Crude Oil prices build on last week’s goodish rebound from the $72.40-$72.35 area, or the lowest level since July 7 and gain some follow-through positive traction for the second successive day on Monday. ", "Moreover, worries that a deeper global economic downturn will dent fuel demand might continue to undermine Crude Oil prices and keep a lid on any further gains. "
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