(VIANEWS) – Copper (HG) has been up by 5.41% for the last 10 sessions. At 13:50 EST on Thursday, 23 November, Copper (HG) is $3.79.
Volume
Today’s last reported volume for Copper is 12292, 99.99% below its average volume of 11229714184.62.
Volatility
Copper’s last week, last month’s, and last quarter’s current intraday variation average was 0.59%, 0.43%, and 0.81%, respectively.
Copper’s highest amplitude of average volatility was 0.81% (last week), 0.81% (last month), and 0.81% (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 forecast: looks for upside – 22 November 2023. According to DailyForex on Wednesday, 22 November, "Turning our attention to the West Texas Intermediate Crude Oil market, we find that Tuesday’s trading session has been characterized by a certain degree of tranquility. "
- Crude oil forecast: continues to recover – 21 November 2023. According to DailyForex on Tuesday, 21 November, "The West Texas Intermediate (US Oil) Crude Oil market continued its upward trajectory on Monday, building upon the recovery trend that commenced last week. "
- According to FXStreet on Wednesday, 22 November, "API Weekly Crude Oil Stock rose by 9.047M barrels in the week ended November 17 from the previous figures of 1.335M barrels. ", "Traders will most likely pay attention to the EIA Crude Oil Stocks Change report on Wednesday, which will provide a weekly measure of the change in the number of barrels of crude oil and its derivatives in stock."
- According to FXStreet on Tuesday, 21 November, "Additionally, the US crude oil inventory data, including API Weekly Crude Oil Stock and EIA Crude Oil Stocks Change for the week ending November 17, will be released on Tuesday and Wednesday, respectively. "
- Crude oil looking for a recovery after WTI sinks below $74 per barrel. According to FXStreet on Wednesday, 22 November, "US Crude Oil stocks numbers also surged on Wednesday, with the Energy Information Administration’s (EIA) Crude Oil Stocks Change revealing an unexpected building of 8.701 million barrels into the week ending November 17th.", "Crude Oil has been no stranger to sudden chart drops in recent history, and the WTI’s Wednesday decline sent US Crude Oil briefly back below $74.00/barrel before paring away most of the day’s losses to rechallenge the $77.00 level."
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