Copper (HG1) Down 0.89%
These commodity price increases since march must make a big positive difference to the bottom line!
Copper
(Last Updated May 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
As for trends on HG1, we’re seeing an uptrend on shorter timeframes — but a downtrend on the 90 day timeframe. As such, traders with short positions should be aware of the downtrend in place on the longer timeframes.
HG1 Moving Averages
HG1’s moving averages tell a multi-facted story about its trend. Of the 20, 50, 100, and 200 day averages — three of them (all but the 20) — are bearish, suggesting the trend is generally downward, aside from a spike about 3 weeks prior.
The chart below illustrates.
Copper (HG1) Fares the Worst Out of metals, Down 0.25%; And A Story About Scrap Prices
It should be noted, though, that a trend in the opposite direction, going up, exists on the 30 day timeframe.
Copper (HG1) Up 3.81%, Crosses 20 Day Moving Average; And A Story About Scrap Prices
It should be noted, though, that a trend in the opposite direction, going up, exists on the 30 day timeframe.
Copper (HG1) Underperforms All metals, Down 1.39%; Crosses 20 Day Moving Average
Interestingly, a trend in the other direction exists on the 30 day timeframe, where price is headed up.
Copper (HG1) Heads Up For the 2nd Day In A Row; Pin Bar Pattern Appearing on Chart
For additional context, note that price has gone up 19 out of the past 30 days.
Copper (HG1) Up 0.88%, Crosses 20 and 50 Day Moving Averages; in a Downtrend Over Past 90 Days
Interestingly, a trend in the other direction exists on the 30 day timeframe, where price is headed up.
Copper (HG1) Underperforms All metals, Breaks Below 20 and 50 Day Averages; But Still 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) Fares the Worst Out of metals; Down 1.22%
On a relative basis, copper was the worst performer out of all 5 of the assets in the metals asset class today.
Copper (HG1) Moves Up For the 5th Day In A Row
Relative to other instruments in the metals asset class, copper ranked 2nd since the day prior in terms of percentage price change.
Copper (HG1) Heads Up For the 4th Day In A Row, Crosses 50 Day Moving Average; in an Uptrend Over Past 30 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 previous day.