Copper is currently on bullish momentum. At 23:08 EST on Thursday, 6 May, Copper is at $4.65 and 1.08% up since the last session’s close.
Regarding Copper’s daily highs and lows, it’s 1.054% up from its trailing 24 hours low of $4.60 and 0.9% up from its trailing 24 hours high of $4.61.
Copper’s last week, last month’s, and last quarter’s current volatility was 0.26%, 0.14%, and 1.28%, respectively.
Copper’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 0.49% (last week), 1.13% (last month), and 1.28% (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
Copper group pours cold water on hot rally with view of plenty. According to Bloomberg Quint on Tuesday, 4 May, "The International Copper Study Group said on Monday that supply of the metal will exceed demand this year and next, countering expectations for tightening supplies that have driven the metal close to a record high."
Zambia shutters seized copper mine as prices soar toward record. According to Bloomberg Quint on Wednesday, 5 May, "The lack of capital is also curbing output at other operations of Konkola Copper Mines Plc, which was placed under provisional liquidation in 2019 after the government alleged Vedanta lied about expansion plans and paid too little tax."
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