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Copper

(Last Updated January 18, 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

If we observe the 90 and 30 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.

The chart below illustrates.

The View From the Weekly Timeframe

Currently, HG1’s price is down $-0.09 (-2.39%) from the week prior. Moreover, note that this is a reversal of the price action on the previous week, in which price moved up. As for the trend on the weekly timeframe, we see the clearest trend on the 10 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 1.32%, Crosses 50 Day Moving Average; in a Downtrend Over Past 90 Days

Categories Metals News Tags Copper
May 1, 2020

For another vantage point, consider that copper’s price has gone up 16 of the previous 30 trading days.

Copper (HG1) Tops All metals, 2 Day Down Streak Ended; Breaks Above 50 Day Average

Categories Metals News Tags Copper
April 30, 2020

Not unreasonable for a 30%+ irr project and the free carry to production.

Copper (HG1) Moves Down For the 2nd Day In A Row; Pin Bar Pattern Appearing on Chart

Categories Metals News Tags Copper
April 29, 2020

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 the previous day.

Copper (HG1) Outperforms All metals, Heads Up For the 3rd Day In A Row; But Still in a Downtrend Over Past 90 Days

Categories Metals News Tags Copper
April 27, 2020

Copper outperformed all 5 assets in the metals asset class since the previous day.

Copper (HG1) Up 0.28%, Price Base in Formation Over Past 30 Days; Pin Bar Pattern Appearing on Chart

Categories Metals News Tags Copper
April 24, 2020

If the chartists are right about the demand, i don’t know where the supply is coming from,” says colin bird….“

Copper (HG1) Outperforms All metals; 2 Day Down Streak Ended

Categories Metals News Tags Copper
April 23, 2020

Copper outperformed all 5 assets in the metals asset class since the previous day.

Copper (HG1) Moves Down For the 2nd Day In A Row, in a Downtrend Over Past 90 Days; Eyes 20 Day Average

Categories Metals News Tags Copper
April 22, 2020

Traders will also want to note, though, that a counter trend — meaning a trend going up — can be seen on the 14 day timeframe.

Copper (HG1) Underperforms All metals; 2 Day Up Streak Broken

Categories Metals News Tags Copper
April 21, 2020

Those trading within the metals asset class should know that copper was the worst performer in the class today.

Copper (HG1) Outperforms All metals, Moves Up For the 2nd Day In A Row; in an Uptrend Over Past 14 Days

Categories Metals News Tags Copper
April 20, 2020

For additional context, note that price has gone down 16 out of the past 30 days.

Copper (HG1) Up 0.26%; in an Uptrend Over Past 14 Days

Categories Metals News Tags Copper
April 17, 2020

Relative to other instruments in the metals asset class, copper ranked 2nd since the previous day in terms of percentage price change.

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