Copper
(Last Updated March 16, 2021)
Hello! This is the news page for Copper. Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:
The Trend
If we observe the 90 and 30 day timeframes, we see an uptrend in place for HG1.
HG1 Moving Averages
The moving averages on HG1 indicate a trend that is clearly bullish.
The chart below illustrates.
The View From the Weekly Timeframe
At the moment, HG1’s price is down $-0.01 (-0.14%) from the week prior. HG1 has seen its price go up 4 out of the past 5 weeks, thus creating some compelling opportunities for bulls. If you’re a trend trader, consider that the strongest clear trend on the weekly chart exists on the 20 week timeframe. Looking further out, the moving averages on the weekly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. HG1’s weekly price action over the past 52 weeks can be seen via the chart below.
Copper (HG1) Down $0 in Last 4 Hours, Entered Today Up 1.02%; Crosses 50 Day Moving Average
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.
Copper (HG1) Up $0 in Last 4 Hours, Moves Up For the 4th Straight Day; in an Uptrend Over Past 30 Days
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.
Copper (HG1) Down $0 Over Past 4 Hours, Entered Today Up 1.28%; in an Uptrend Over Past 14 Days
Relative to other instruments in the metals asset class, copper ranked 2nd since the day prior in terms of percentage price change.
Copper (HG1) Up $0 On 4 Hour Chart, Entered Today Up 0.51%; in an Uptrend Over Past 90 Days
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.
Copper (HG1) Down $0 in Last 4 Hours, Entered Today Up 0.57%; in an Uptrend Over Past 30 Days
On a relative basis, copper was the worst performer out of all 5 of the assets in the metals asset class today.
Copper (HG1) Down $0 On 4 Hour Chart, Entered Today Down For the 2nd Consecutive Day; in an Uptrend Over Past 14 Days
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 yesterday.
Copper (HG1) Up $0.01 in Last 4 Hours, 2 Day Up Streak Ended; in an Uptrend Over Past 30 Days
Relative to other instruments in the metals asset class, copper ranked 4th since the day prior in terms of percentage price change.