Copper
HGWhy is copper moving today?
Copper is down 1.42% as of 10:34 am ET, with the sharpest part of the fall between 9:15 am and 10:15 am ET, and no single clear catalyst.
- There was no single clear catalyst: USD/CNY fell 0.06% and the dollar was little changed, up 0.03%, so neither linked market moved in a way that explains the drop.USD/CNY →
Copper is still in the upper half of its 52-week range of 5.269 to 6.829, though it is down 3.54% over the past month.
Updated 10:40 am ET · Automatically generated from market data and MacroInsight reporting, then checked against our standards. How this works
Price
Key statistics Support & resistance →
- Previous close
- 6.384
- Day range
- 6.250 – 6.447
- 52-week range
- 5.269 – 6.829
- 1 week
- −2.95%
- 1 month
- −3.89%
- 3 months
- −4.65%
- Year to date
- +8.84%
- 1 year
- +8.84%
- 50-day average
- 6.569
- 200-day average
- 6.399
- Volatility (20d, ann.)
- 19%
- Typical daily move
- 1.4%
Analysis
Copper is at 6.271, down 1.8% today.
It is down 3.9% over the past month, up 8.8% so far this year and up 8.8% over 12 months.
It sits in the upper half of its 52-week range of 5.269 to 6.829, 8.2% below the high.
The trend signals are mixed: the price and its 50-day average (6.569) sit on different sides of the 200-day average (6.399).
Volatility over the past 20 sessions is 19% annualised, in line with the past year.
Generated automatically from price data, updated with every page load. Descriptive only; not investment advice.About
Copper is priced here by the front-month COMEX futures contract. It is widely watched as a gauge of global industrial demand.