Copper (HG1) Up $0.05 in Last 4 Hours; Moves Up For the 3rd Day In A Row

Copper Daily Price Recap

Copper is up 1.46% ($0.05) since the previous day, marking the 3rd day in a row an upward move has occurred. 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 the previous day. The daily price chart of Copper below illustrates.

HG1

Copper Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 14 days Copper’s price has gone up 9 them.

Overheard on Twitter

Behold! Here are the top tweets related to Copper:

  • From Lazerblue:

    #ars. 5p paid.Company presentation updated to indicate signing of deal is going ahead and could well be this week #copper price flying at the same time Most recent broker target sits at 14pPartner has option to buy one asset for double current MCAP , leaving Beutong !

  • From confluencetradr:

    Final leg down is ending on #BZT as price capitulated between 0.27-0.3 imo. This is also a strong demand area hence offering a fantastic opportunity to get in on the cheap with Copper price rising. Longterm chart setup is exceptional. News rich period. Main Target 1.4-1.95p imo.

  • From ShareStocky:

    #ARCM not sure if this is a pre-emptive move ahead of news, response to copper price, or because of gov EV announcement. Probably a bit of all 3. Hugely undervalued. Potentially huge copper find. Bright future here!