(VIANEWS) - Copper (HG) has been up by 3.61% for the last 10 sessions. At 11:51 EST on Saturday, 25 May, Copper (HG) is $4.76.
Volume
Today's last reported volume for Copper is 58133, 99.99% below its average volume of 9901848401.06.
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).
News about
- According to FXStreet on Thursday, 23 May, "West Texas Intermediate (WTI) US Crude Oil is trading up over a percent at $78.01 on Thursday."
- According to FXStreet on Thursday, 23 May, "USD/CAD had been trading significantly down for the day prior to the data on the back of a mixture of higher Crude Oil prices (CAD positive), positive risk appetite (CAD positive), better-than-expected Canadian Housing data and technical chart resistance. "
- Crude oil backslides into the red on Thursday, WTI falls below $77 as diminishing rate cut hopes weigh. According to FXStreet on Thursday, 23 May, "US Crude Oil production has once again threatened to outpace demand, leading to a fresh buildup in week-on-week barrel counts and renewing concerns that a US-led overhang of Crude Oil could push barrel prices paid even lower.", "US Crude Oil has fallen to its lowest bids in over a week, knocking into $76.50 after backsliding through the $77.00 handle."
- According to FXStreet on Friday, 24 May, "At the time of writing, Crude Oil (WTI) trades at $77.45and Brent Crude at $81.62"
- Crude oil pares losses, WTI rebounds into congestion on Friday. According to FXStreet on Friday, 24 May, "US Crude Oil rebounded from a 12-week low to recapture the $77.50 level ahead of the week's close. ", "WTI continues to trade on the bearish side of the 200-hour Exponential Moving Average at $78.05, but Friday's bullish recovery sends US Crude Oil back into familiar technical congestion."
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