Copper (HG1) Up $0.05 in Last 4 Hours, Outperforms All metals; Entered Today Up 1.7%
Copper outperformed all 5 assets in the metals asset class since the previous day.
Metals News
Last Updated July 6, 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 Palladium, Silver, and Copper. The chart below illustrates. None of the moves in the past day were especially noteworthy in terms of their size relative to their volatility over the past 30 days.
Trend News
Over the past two weeks, the strongest trend has been on Copper. Alternatively, on a 90 day basis, the strongest trend appears on Gold.Moving Averages In The Metals World
For those who pay attention to moving averages, Palladium may be of particular interest. It crossed its 20 and 50 day moving averages. From the perspective of the alignment of moving averages — meaning where moving averages are ordered by their duration — we see that Gold has perhaps the strongest trend. See the chart below.
Palladium (XPDUSD) Up $16.17 On 4 Hour Chart, Started Today Up 0.84%; Price Base in Formation Over Past 14 Days
Relative to other instruments in the metals asset class, palladium ranked 4th since yesterday in terms of percentage price change.
Platinum (XPTUSD) Up $13.38 Over Past 4 Hours, Makes Big Move Relative to Two Week Trend; Crosses 20 and 50 Day Moving Averages
For another vantage point, consider that platinum’s price has gone up 7 of the previous 14 trading days.
Silver (XAGUSD) Up $0.17 On 4 Hour Chart, Came Into Today Up For the 2nd Day In A Row; Pin Bar Pattern Appearing on Chart
For additional context, note that price has gone up 10 out of the past 14 days.
Gold (XAUUSD) Up $8.43 in Last 4 Hours, And A Link About Etfs; Came Into Today Up For the 2nd Day In A Row
The next 2 price targets are thus activated at $1,800 & around $1,900.
Copper (HG1) Up $0.05 Over Past 4 Hours, Tops All metals; in an Uptrend Over Past 14 Days
Co. in detailed negotiations for a game changing deal on ksk.
Palladium (XPDUSD) Up $16.17 On 4 Hour Chart, Moves Up For the 2nd Day In A Row; Price Base in Formation Over Past 14 Days
Relative to other instruments in the metals asset class, palladium ranked 4th since the day prior in terms of percentage price change.
Platinum (XPTUSD) Up $13.38 in Last 4 Hours, Makes Big Move Relative to Two Week Trend; Breaks Above 20 and 50 Day Averages
Relative to other instruments in the metals asset class, platinum ranked 2nd since the previous day in terms of percentage price change.
Silver (XAGUSD) Up $0.17 in Last 4 Hours, Moves Up For the 2nd Day In A Row; in an Uptrend Over Past 14 Days
Out of the 5 instruments in the metals asset class, silver ended up ranking 3rd for the day in terms of price change relative to the day prior.
Gold (XAUUSD) Up $8.43 On 4 Hour Chart, And A Story About Etfs; Came Into Today Up For the 2nd Day In A Row
The $1,900 mark should be reached in the next 1 to 2 & a half months.