Copper Daily Price Recap
3.0355 was the closing price of the day for Copper, resulting in today being one in which price moved down 2.18% ($0.07) from the day prior. Relative to other instruments in the metals asset class, Copper ranked 2nd since the day prior in terms of percentage price change. The daily price chart of Copper below illustrates.
Copper Technical Analysis
The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 4 out of the past 10 days.
Overheard on Twitter
For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Copper for the past day were:
- From zav999:
3/5 Copper price collapse creates headache but holders “keep the fort” and the fugaze continuesCOVID is a kick in the face, too much debt, too little income, guess bonds hosed in March, bounce back “for yield” hope for a Kaz / Ukr in 09 bounce from lows.
- From KleimanIntCon:
prices dip below 55, handwriting on wall after cenbank governor sacking w pliant ally replacement, investor register ID process recent weeks. Copper price rebound no salve, mining co Chinese executive incident sour relations, Fund reluctance after failed program. #emergingmarkets
- From tselayanaga:
@Richards_Karin Do you know what is driving the copper price? I have always liked BHP, but currently exposed via ASX and JSETop40 ETF’sI don’t have the stomach for full on mine picking 🤣