By InvestMacro.com | #metals #copper #xcuusd #jjc

Copper End of Day Update: October 05 2022

The Copper JJC ETF finished the day with an increase of 1.43 percent and closed the day around the 17.72 price level, according to unofficial data at the New York close. JJC opened the day at 17.41 with the high of the day being 17.78 and the low of the day at 17.26.

The current price is trading slightly above its 50-day simple moving average after a long recent drawdown. The ETF price, meanwhile, is trading quite a ways under the 200-day moving average.

The Copper JJC ETF RSI level is Bullish:

The Relative Strength Index, an indicator that can indicate overbought (above 80) and oversold levels (below 20), shows that the current RSI score is at 56.0. This is a Bullish reading on the daily time-frame.

Copper Trends:

The Copper ETF is higher by 2.61 percent over the past 10 days while seeing a decline of -3.28 over the past 30 days. The 90-day change is -16.85 while the 180-day return and the 365-day return are -19.69 and -15.22, respectively.

By investmacro.com

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