Copper (HG1) Down $0.01 On 4 Hour Chart; 5 Day Up Streak Broken

Copper Daily Price Recap

Copper’s 5 day positive streak has officially concluded, as the candle from the day prior closed down 0.41% ($0.01). Relative to other instruments in the metals asset class, Copper ranked 2nd since the day prior in terms of percentage price change. Here is a daily price chart of Copper.

HG1

Copper Technical Analysis

The clearest trend exists on the 90 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 16 them.

Overheard on Twitter

Behold! Here are the top tweets related to Copper:

  • From BleekerJj:

    @doft1987 @ClassicValueInv Napkin $OCO valuation: at least 1000 M Oz at current copper price 3,14 USD per Oz minus Opex+Capex at 1,6 USD per Oz => total Net Asset Value of 2000 M. CAD. Total no of shares 169 million. Valuation of future Share Price at 50% of NAV is 2000/2 divided by 169 = 5,9 CAD at least

  • From TheMoneySponge:

    #ARCM #ARS JV partners/suitors will be very aware of the #copper price and where it’s going Asiamet should be first to seal the deal once complete a nice remaining stake in BKM and onto the potential 100k/t pa BeutongArc well if its what we think it is…

  • From mavericktradin1:

    #ARCM
    Increasing position size #ARCM
    £34 million Market Cap!! (Bargain Price)
    Exclusivity Agreement With Anglo American due to finish early January.
    2 Majors outside of Anglo American interested heightens pressure on Anglo American for deal.
    Clear upside on Copper Price – 2021.