(VIANEWS) – Comex copper futures show mild losses of $4.3790, as European traders wait for Wednesday’s bell.
FXStreet confirmed that red metal rebounded from 100-DMA on the previous day, but it failed to maintain the bounce in downbeat MACD conditions.
This bearish impulse is also influenced by the late July U-turn of the commodity from its three-month-old horizontal resistance.
Today’s last reported volume for Copper is 26550, 100% below its average volume of 20328034152.96.
About Copper’s daily highs and lows, it’s 1.187% down from its trailing 24 hours low of $4.38 and 1.345% down from its trailing 24 hours high of $4.39.
Copper’s last week, last month’s, and last quarter’s current volatility was 0.90%, 0.21%, and 1.06%, 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 1.70% (last week), 1.18% (last month), and 1.06% (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 overbought (>=80).
More news about Copper (HG).