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Copper Futures Bullish Momentum With A 6% Rise In The Last 10 Sessions

Copper Futures Bullish Momentum With A 6% Rise In The Last 10 Sessions
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(VIANEWS) - Copper (HG) has been up by 6.61% for the last 10 sessions. At 02:51 EST on Tuesday, 19 March, Copper (HG) is $4.10.

Volume

Today's last reported volume for Copper is 20372, 99.99% below its average volume of 10344737772.57.

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)

  • Strength seen in southern copper (scco): can its 6.0% jump turn into more strength?. According to Zacks on Monday, 18 March, "Southern Copper (SCCO Quick QuoteSCCO - Free Report) shares ended the last trading session 6% higher at $103. "

News about

  • According to FXStreet on Monday, 18 March, "This comes after OPEC+ members decided to extend the production cuts of 2.2 million barrels per day through the second quarter and fueled concerns about a tight global supply, which, in turn, is seen acting as a tailwind for Crude Oil prices.", "West Texas Intermediate (WTI) US Crude Oil prices build on last week's strong gains of nearly 4% and gain some follow-through positive traction on Monday. "
  • Crude oil extends rally, WTI crosses above $82.00. According to FXStreet on Monday, 18 March, "US Crude Oil tested its highest barrel prices since November, hitting a 16-week high of $82.46 to kick off the new trading week.", "Energy markets are increasingly concerned that declining Crude Oil supplies will continue into the immediate future. "

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.