Copper Daily Price Recap
Copper closed yesterday up 0.86% ($0.03); this denotes the 2nd straight day it has gone up. Relative to other instruments in the metals asset class, Copper ranked 3rd since yesterday in terms of percentage price change. Below is a daily price chart of Copper.
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 90 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 5 out of the past 10 days.
Overheard on Twitter
Behold! Here are the top tweets related to Copper:
- From bobbyoflondon:
#ARS Copper price now on verge of break out. A 27 month high! ARS sp was 11p last time copper was here & since then the BFS has been delivered & now getting close to potential strategic partner deal. No doubt that a re-rate’s due here…
- From BATTcables:
Copper price on 15 Sep 2020, £5,276.87 per tonne.
- From lydcsa:
@abcnews The copper price is on rising…
In terms of news links for Copper here’s one to try:
Click on the button below to clear your default MiningWeekly.com regional edition Note: When you clear your default region you will be directed to the MiningWeekly.com home page regional edition associated with the geographic location of our IP address….“China has substantially increased refined copper imports in order to keep up with demand from domestic industries,” Fitch Solutions Country Risk and Industry Research said, noting that continued recovery in the global economy will also reinforce copper demand growth in 2021 as well as maintain a supportive environment for bullish sentiment in the market….Meanwhile, over the long term to 2029, Fitch Solutions Country Risk and Industry Research expects copper market to remain in a deficit as consumption growth remains strong, driving prices higher over the coming years.