Copper (HG1) Down $0.02 Over Past 4 Hours, Moves Down For the 5th Day In A Row; Nears 20 Day Moving Average
No idea what current copper price/kilo but a while back it was aroundr800/kilo.
Metals News
Last Updated October 29, 2020 at 1:50 GMT
The instruments in the metals asset class that made the biggest moves, on a percentage basis, over the past day were Silver, Palladium, and Gold. The chart below illustrates. Note that Palladium made an especially large and surprising move over the past day.
Trend News
On a 90 day basis, the strongest trend appears on Palladium.Moving Averages In The Metals World
For those who pay attention to moving averages, Gold may be of particular interest. It crossed its 20 and 100 day moving averages. Outside of Gold, other pairs that crossed notable moving average levels include Platinum and Palladium; they crossed their 20 and 50 day moving averages, respectively. From the perspective of the alignment of moving averages — meaning where moving averages are ordered by their duration — we see that Copper has perhaps the strongest trend. See the chart below.
Platinum (XPTUSD) Down $10.23 in Last 4 Hours, Started Today Down 1.16%; Crosses 20 Day Moving Average
Out of the 5 instruments in the metals asset class, platinum ended up ranking 2nd for the day in terms of price change relative to the day prior.
Palladium (XPDUSD) Down $76.1 in Last 4 Hours, Makes Big Move Relative to Past Month; Entered Today Down For the 3rd Day In A Row
Out of the 5 instruments in the metals asset class, palladium ended up ranking 4th for the day in terms of price change relative to the day prior.
Silver (XAGUSD) Down $1.11 in Last 4 Hours, Started Today Down 4.52%; Breaks Below 20 and 100 Day Averages
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Gold (XAUUSD) Down $27.38 Over Past 4 Hours, And A Link About Bob Haberkorn; Makes Big Move Relative to Two Week Trend
Price action traders in particular will want to note that the 30 day period appears to show price forming a base; this could indicate that a support/resistance level is developing.
Copper (HG1) Down $0.01 On 4 Hour Chart, Started Today Down 0.19%; Pin Bar Pattern Appearing on Chart
For another vantage point, consider that copper’s price has gone up 17 of the previous 30 trading days.
Platinum (XPTUSD) Up $9.04 On 4 Hour Chart, Outperforms All metals; Breaks Above 20 Day Average
Platinum outperformed all 5 assets in the metals asset class since yesterday.
Palladium (XPDUSD) Down $21.03 in Last 4 Hours, Underperforms All metals; Started Today Down 1.22%
On a relative basis, palladium was the worst performer out of all 5 of the assets in the metals asset class today.
Silver (XAGUSD) Up $0.23 Over Past 4 Hours, And A Link About Each Other; Pin Bar Pattern Appearing on Chart
Relative to other instruments in the metals asset class, silver ranked 3rd since the day prior in terms of percentage price change.
Gold (XAUUSD) Up $5.14 Over Past 4 Hours, And A Link About Open Markets; Started Today Up 0.18%
Price action traders in particular will want to note that the 30 day period appears to show price forming a base; this could indicate that a support/resistance level is developing.