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Copper Futures Over 9% Down In The Last 21 Sessions

ViaNews Editorial Team

August 11, 2024

Copper Futures Over 9% Down In The Last 21 Sessions
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(VIANEWS) - Copper (HG) has been up by 9.65% for the last 21 sessions. At 02:50 EST on Sunday, 11 August, Copper (HG) is $3.98.

Volume

Today's last reported volume for Copper is 48657, 99.99% below its average volume of 9367132742.57.

Volatility

Copper's last week, last month's, and last quarter's current intraday variation average was 0.05%, 0.25%, and 0.82%, respectively.

Copper's highest amplitude of average volatility was 0.41% (last week), 0.68% (last month), and 0.82% (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).

Previous days news about Copper (HG)

  • Copper: fear of a US recession ads to concerns over industrial activity in China – ANZ. According to FXStreet on Friday, 9 August, "Prices for Copper and the broader base metal market were hit hard earlier this week by a selloff across risk assets.", "Copper hit a record high earlier this year; but this month's sharp moves lower in the JPY combined with concerns of a hard economic landing in the US could lead to further downside for Copper in the short term."

News about

  • According to FXStreet on Friday, 9 August, "At the time of writing, Crude Oil (WTI) trades at $75.19 and Brent Crude at $78.75"
  • According to Zacks on Friday, 9 August, "It recorded Crude Oil processed volumes of 53.8 thousand barrels per day (MBbl/D)."

More news about Copper (HG).

ViaNews Editorial Team

Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.