Copper (HG1) Up $0.03 Over Past 4 Hours, Entered Today Up For the 2nd Day In A Row; in an Uptrend Over Past 90 Days

Copper Daily Price Recap

Copper came into today up 0.88% ($0.03) from the open of the day prior, marking the 2nd 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 day prior. Below 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 18 them. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

Overheard on Twitter

Over on Twitter, here were the top tweets about Copper:

  • From sloan_phil:

    @1James1n1 Same here, James. I normally sell up on any halting of dividends, but for all the reasons you mention above, I’ve held on to CAML.Copper price recovery since March (+50%) should be a tailwind too going f/wd.

  • 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 🤣

  • From vast_resources:

    #Copper price is experiencing two year highs however the low operating costs at Baita Plai ensure it remains a viable commercial operation regardless of the potential future commodity price fluctuations. #VAST