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Copper Futures Bearish By 5% In The Last 10 Sessions

ViaNews Editorial Team

February 10, 2024

Copper Futures Bearish By 5% In The Last 10 Sessions
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(VIANEWS) - Copper (HG) has been up by 5.67% for the last 10 sessions. At 04:50 EST on Saturday, 10 February, Copper (HG) is $3.69.

Volume

Today's last reported volume for Copper is 84893, 99.99% below its average volume of 10721530500.54.

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 Friday, 9 February, "This comes on top of the continuous US strikes against Iran-backed Houthi targets in Yemen, which has been fueling supply concerns and is seen acting as a tailwind for Crude Oil prices. ", "This, to a larger extent, offsets the US refinery maintenance, which, along with a bullish US Dollar (USD), bolstered by hawkish Federal Reserve (Fed) expectations, keeps a lid on Crude Oil prices."

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.