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Copper Futures Bullish By 6% In The Last 10 Sessions

Copper Futures Bullish By 6% In The Last 10 Sessions
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(VIANEWS) - Copper (HG) has been up by 6.23% for the last 10 sessions. At 08:50 EST on Tuesday, 9 July, Copper (HG) is $4.61.

Volume

Today's last reported volume for Copper is 24868, 99.99% below its average volume of 9504613880.11.

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

  • Crude oil declines on Monday, WTI faces familiar technical levels as tropical storm fears ease. According to FXStreet on Monday, 8 July, "The tropical storm, which initially made landfall in Texas as a category 1 hurricane, has been downgraded after wind speeds declined, and looks set to peter out without disrupting US domestic Crude Oil markets.", "Crude Oil markets will be looking for a continuation of last week's sharp supply drawdown after both the American Petroleum Institute (API) and the Energy Information Administration (EIA) both post huge week-on-week contractions in US Crude Oil supplies. "

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.