Copper (HG1) Up $0.04 Over Past 4 Hours, Started Today Up 1.27%; 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 day prior.
Copper
(Last Updated November 24, 2020)
Welcome to the news page for Copper (HG1). Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:
The Trend
If we observe the 90, 30 and 14 day timeframes, we see an uptrend in place for HG1.
HG1 Moving Averages
Across several time periods between 20 and 200 days, the trend on HG1 has remained consistently bullish.
Below is a chart showing HG1’s price with its moving averages.
The View From the Weekly Timeframe
At the moment, HG1’s price is down $-0.03 (-0.82%) from the week prior. Moreover, note that this is a reversal of the price action on the previous week, in which price moved up. Regarding the trend, note that the strongest trend exists on the 10 week timeframe. Looking further out, the moving averages on the weekly timeframe suggest a bearishness in price, as the 20 and 50 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend. HG1’s weekly price action over the past 52 weeks can be seen via the chart below.
Copper (HG1) Up $0.04 On 4 Hour Chart; Entered Today Up 1.27%
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.
Copper (HG1) Down $0.03 Over Past 4 Hours, And A Link About Copper Price; in an Uptrend Over Past 14 Days
Relative to other instruments in the metals asset class, copper ranked 2nd since the previous day in terms of percentage price change.
Copper (HG1) Up $0.03 On 4 Hour Chart, Entered Today Up 0.86%; in an Uptrend Over Past 14 Days
Relative to other instruments in the metals asset class, copper ranked 2nd since yesterday in terms of percentage price change.
Copper (HG1) Up $0.03 in Last 4 Hours, Entered Today Up 0.86%; in an Uptrend Over Past 90 Days
Relative to other instruments in the metals asset class, copper ranked 2nd since the previous day in terms of percentage price change.
Copper (HG1) Down $0.02 On 4 Hour Chart, Moves Down For the 2nd Day In A Row; Pin Bar Pattern Appearing on Chart
Also, do moves by china to open up commodity trading of copper increase this risk (or not)?
Copper (HG1) Down $0.02 in Last 4 Hours, Entered Today Down 0.51%; in an Uptrend Over Past 90 Days
Margins are relatively thin and they said in the call that depressed copper prices boosted hy results and they were not 100% hedged.
Copper (HG1) Up $0.05 in Last 4 Hours; Moves Up For the 3rd Day In A Row
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 !
Copper (HG1) Up $0 in Last 4 Hours, in an Uptrend Over Past 90 Days; Pin Bar Pattern Appearing on Chart
Relative to other instruments in the metals asset class, copper ranked 4th since the day prior in terms of percentage price change.
Copper (HG1) Up $0 Over Past 4 Hours, Entered Today Up 0.03%; in an Uptrend Over Past 14 Days
Out of the 5 instruments in the metals asset class, copper ended up ranking 4th for the day in terms of price change relative to the day prior.