Copper 4 Hour Price Update
Updated December 10, 2020 01:56 AM GMT (09:56 PM EST)
The end of a 3 four-hour candle negative run has come for Copper, which finished the previous 4 hours up 0.21% ($0.01). Relative to other instruments in the metals asset class, Copper ranked 2nd since the previous 4 hours in terms of percentage price change.
Copper Daily Price Recap
3.499 was the closing price of the day for Copper, resulting in today being one in which price moved up 0.07% ($0) from the day prior. Copper outperformed all 5 assets in the metals asset class since the day prior. The daily price chart of Copper below illustrates.
Copper Technical Analysis
The clearest trend exists on the 14 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. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.
Overheard on Twitter
Over on Twitter, here were the top tweets about Copper:
- From DavidCa041980:
@SilDante_ @andrew_JMS The crux interview from last year worth a listen. NVS guidance 10-20bags then when SP circa 3p. Placing dilution since, countered some by inc in Zaco licence.
Better copper price/commodity market since.
Guidance provided at time best we’ve had from BOD on aspirations
- From Sharad9Dubey:
Polycab recovering from demand overhang, FMEG segment gaining traction, Price hike may be there as copper price rises.Valuation catch up with Havells. PE
- From Lottohopes:
Copper price makes this special over next 12 months. Plenty of news flow due.
As for a news story related to Copper getting some buzz:
“We believe a significantly higher copper price is needed to help balance this structurally tight fundamental backdrop.” The predicted price rise is good news for Australian mid-tier copper hopeful Castillo Copper Ltd (ASX:CCZ) (LON:CCZ) (FRA:7OR), which recently returned impressive results from the Big One Deposit at its Mt Oxide Project in the Mt Isa copper belt….Castillo Copper Ltd’s (ASX:CCZ) Ged Hall tells Proactive’s Andrew Scott they’ve confirmed the strong potential of its Big One deposit with assays returning shallow copper mineralisation of up to 4.1%.