Copper 4 Hour Price Update
Updated December 17, 2020 01:59 AM GMT (09:59 PM EST)
The back and forth price flow continues for Copper, which started the current 4 hour candle off at 3.5545 US dollars, up 0.1% ($0) from the previous 4 hours. Relative to other instruments in the metals asset class, Copper ranked 4th since the previous 4 hours in terms of percentage price change.
Copper Daily Price Recap
Copper came into today up 0.51% ($0.02) from the open of the day prior, marking the 2nd consecutive day an upward move has occurred. Out of the 5 instruments in the metals asset class, Copper ended up ranking 3rd for the day in terms of price change relative to the day prior. 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 30 day timeframe, which shows price moving up over that time. For another vantage point, consider that Copper’s price has gone up 5 of the previous 10 trading days.
Overheard on Twitter
Behold! Here are the top tweets related to Copper:
- From GoLeftMassa:
#ARCM – Big RNS. In my eyes, that release as much a threat to AA as anything else… if they thought they could squeeze a deal on the cheap, NvS has just sent a reminder that going alone &/or speaking to other majors is an option. Current copper price elevates those economics.
- From kesidz:
#RMM book flipped, overhang cleared ? If yes quick to 0.3 and much higher, with copper price rising and #RMM finance sorted, producing mine in 🇨🇦 this is primed for a bag to 0.5 by January
- From CEOTechnician:
@BlackAlex58 @TheWealthMiner 20 years ago the copper price was $.90…it’s come a long way. Higher prices are required to make some of those brownfields projects economic.