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Copper Futures Slides By 5% In The Last 5 Sessions

ViaNews Editorial Team

February 25, 2023

Copper Futures Slides By 5% In The Last 5 Sessions
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(VIANEWS) - Copper (HG) has been up by 5.47% for the last 5 sessions. At 22:51 EST on Friday, 24 February, Copper (HG) is $3.96.

Volume

Today's last reported volume for Copper is 52223, 99.99% below its average volume of 14875481682.84.

Volatility

Copper's last week, last month's, and last quarter's current intraday variation average was a positive 0.72%, a negative 0.09%, and a positive 1.07%, respectively.

Copper's highest amplitude of average volatility was 1.41% (last week), 0.98% (last month), and 1.07% (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).

News about

  • According to FXStreet on Thursday, 23 February, "A goodish recovery in Crude Oil prices underpins the commodity-linked Loonie, which, in turn, is seen as a key factor weighing on the USD/CAD pair. "
  • According to FXStreet on Thursday, 23 February, "Apart from this, looming recession risks should keep a lid on any optimistic move in the markets and seem to act as a headwind for 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.