Copper 4 Hour Price Update
Updated December 16, 2020 01:58 AM GMT (09:58 PM EST)
Copper entered the current 4 hour candle at $3.5365, down 0% ($0) from the last 4 hour candle. Out of the 5 instruments in the metals asset class, Copper ended up ranking 4th for the four-hour candle in terms of price change relative to the last 4 hour candle.
Copper Daily Price Recap
The choppiness in the recent daily price action of Copper continues; to start today, it came in at a price of 3.5365 US dollars, up 0.57% ($0.02) since yesterday. On a relative basis, Copper was the worst performer out of all 5 of the assets in the metals asset class today. Let’s take a look at the daily price chart of Copper.
Copper Technical Analysis
Volatility for Copper has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 30 days Copper’s price has gone up 19 them.