Copper (HG1) Down $0 On 4 Hour Chart, Entered Today Down For the 2nd Consecutive Day; in an Uptrend Over Past 14 Days

Copper 4 Hour Price Update

Updated December 15, 2020 02:01 AM GMT (10:01 PM EST)

3.5165 was the closing price of the four-hour candle for Copper, resulting in the current 4 hour candle being one in which price moved down 0.03% ($0) from the previous 4 hours. 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 previous 4 hours.

Copper Daily Price Recap

Copper came into today down 0.31% ($0.01) from the open of yesterday, marking the 2nd consecutive day it has gone down. Out of the 5 instruments in the metals asset class, Copper ended up ranking 2nd for the day in terms of price change relative to yesterday. Let’s take a look at the daily price chart of Copper.

HG1

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. For additional context, note that price has gone down 6 out of the past 10 days.