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
(Last Updated January 26, 2021)
Welcome to the news page for Copper (HG1). Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:
The Trend
On HG1, there is currently an uptrend on the 90 and 30 day timeframes.
HG1 Moving Averages
Across several time periods between 20 and 200 days, the trend on HG1 has remained consistently bullish.
The chart below illustrates.
The View From the Weekly Timeframe
Currently, HG1’s price is up $0.01 (0.3%) from the week prior. Moreover, note that this is the 2nd consecutive week HG1 has seen its price head up. As for the trend on the weekly timeframe, we see the clearest trend 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. The weekly chart below shows HG1’s price action over the past year.
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.
Copper (HG1) Down $0 On 4 Hour Chart, And A Link About Price Rise; in an Uptrend Over Past 90 Days
Very, very unfortunate to see this (if rumours are true that is) happening…
Copper (HG1) Up $0.01 On 4 Hour Chart, And A Link About Andrew Scott; Outperforms All metals
Or to view things another way, note that out of the past 30 days copper’s price has gone up 19 them.
Copper (HG1) Down $0.01 Over Past 4 Hours, And A Story About Andrew Scott; in an Uptrend Over Past 14 Days
Or to view things another way, note that out of the past 14 days copper’s price has gone up 9 them.
Copper (HG1) Up $0.02 in Last 4 Hours, Entered Today Down For the 2nd Straight Day; 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.