Copper (HG1) Down $0.07 On 4 Hour Chart, 2 Day Up Streak Ended; in an Uptrend Over Past 90 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
(Last Updated September 21, 2020)
Hello! This is the news page for Copper. 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 and 30 day timeframes, we see an uptrend in place for HG1.
HG1 Moving Averages
HG1’s moving averages suggest the trend on a number of time horizons is bullish.
The chart below illustrates.
The View From the Weekly Timeframe
At the moment, HG1’s price is up $0.16 (5.28%) 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 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 $0.03 Over Past 4 Hours, Entered Today Up For the 2nd Day In A Row; in an Uptrend Over Past 90 Days
Or to view things another way, note that out of the past 30 days copper’s price has gone up 18 them.
Copper (HG1) Up $0.13 Over Past 4 Hours, Tops All metals; Entered Today Up 4.36%
For another vantage point, consider that copper’s price has gone up 6 of the previous 14 trading days.
Copper (HG1) Down $0.1 On 4 Hour Chart, And A Story About Copper Prices; Breaks Below 20 Day Average
Ars sp was 11p last time copper was here & since then the bfs has been delivered & now getting close to potential strategic partner deal.
Copper (HG1) Up $0.1 in Last 4 Hours, Crosses 20 Day Moving Average; Pin Bar Pattern Appearing on Chart
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 $0.03 in Last 4 Hours, And A Story About Miningweekly.com; Started Today Up 0.86%
Relative to other instruments in the metals asset class, copper ranked 3rd since yesterday in terms of percentage price change.
Copper (HG1) Down $0.08 Over Past 4 Hours, Fares the Worst Out of metals; Crosses 20 Day Moving Average
Those trading within the metals asset class should know that copper was the worst performer in the class today.
Copper (HG1) Up $0.03 in Last 4 Hours, Started Today Up 0.95%; in an Uptrend Over Past 14 Days
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 yesterday.
Copper (HG1) Down $0.05 On 4 Hour Chart, 2 Day Up Streak Snapped; Evening Star Pattern Appearing on Chart
On a relative basis, copper was the worst performer out of all 5 of the assets in the metals asset class today.