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Copper Futures Bearish By 2% In The Last 5 Sessions

Copper Futures Bearish By 2% In The Last 5 Sessions
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(VIANEWS) - Copper (HG) has been up by 2.4% for the last 5 sessions. At 11:50 EST on Thursday, 6 April, Copper (HG) is $3.99.

Volume

Today's last reported volume for Copper is 63830, 99.99% below its average volume of 13837168410.09.

Volatility

Copper's last week, last month's, and last quarter's current intraday variation average was a negative 1.10%, a negative 0.53%, and a positive 1.08%, respectively.

Copper's highest amplitude of average volatility was 1.10% (last week), 1.02% (last month), and 1.08% (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).

Previous days news about Copper (HG)

  • Teck (teck) produces first copper at qb2, rejects glencore offer. According to Zacks on Tuesday, 4 April, "In the fourth quarter of 2022, the Copper segment's net sales declined 18.5% year over year to CAD$753 ($554 million) million. "

News about

  • Crude oil forecast: gaps higher after the opec+ surprise production cut - 04 April 2023. According to DailyForex on Tuesday, 4 April, "The WTI Crude Oil market is currently facing a significant resistance level at the 200-day EMA. ", "In conclusion, the recent OPEC+ announcement to cut oil production has had a significant impact on the WTI Crude Oil and Brent markets, with both markets gapping higher. "

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.