(VIANEWS) – Copper (HG) is currently on bearish momentum. At 02:50 EST on Tuesday, 24 May, Copper (HG) is at $4.28 and 1.48% down since the last session’s close.
Today’s last reported volume for Copper is 7769, 99.99% below its average volume of 21070883237.49.
About Copper’s daily highs and lows, it’s 0.903% down from its trailing 24 hours low of $4.32 and 1.394% down from its trailing 24 hours high of $4.34.
Copper’s last week, last month’s, and last quarter’s current intraday variation average was a positive 0.47%, a negative 0.16%, and a positive 1.25%, respectively.
Copper’s highest amplitude of average volatility was 1.41% (last week), 1.20% (last month), and 1.25% (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).
Last news about Copper (HG)
- Copper retreats from two-week top on concerns over China demand. According to FXStreet on Monday, 23 May, "That said, the Copper futures on COMEX retreat to $4.30 heading into the European session, following the initial run-up to refresh a multi-day high around $4.33."
News about Crude Oil
- WTI crude oil forecast: price rallies into weekend – 23 May 2022. According to DailyForex on Monday, 23 May, "The West Texas Intermediate Crude Oil market initially pulled back a bit on Friday but then found buyers again to break above the $110 level. "
More news about Copper (HG).