Front Month Comex Copper for May delivery lost 8.10 cents per pound, or 1.90% to $4.1805 this week
--Down for five consecutive weeks
--Down 53.95 cents or 11.43% over the last five weeks
--Largest five week net decline since the week ending Oct. 21, 2011
--Largest five week percentage decline since the week ending April 9, 2020
--Longest losing streak since the week ending June 7, 2019 when the market fell for six straight weeks
--Down seven of the past eight weeks
--Today it is up 7.55 cents or 1.84%
--Largest one day dollar gain since Monday, April 18, 2022
--Largest one day percentage gain since Monday, April 4, 2022
--Up two of the past three sessions
--Today's settlement value is the third lowest this year
--Off 15.19% from its 52-week high of $4.929 hit Friday, March 4, 2022
--Up 3.52% from its 52-week low of $4.0385 hit Thursday, Aug. 19, 2021
--Down 10.37% from 52 weeks ago
--Off 15.19% from its 2022 settlement high of $4.929 hit Friday, March 4, 2022
--Up 1.84% from its 2022 settlement low of $4.105 hit Thursday, May 12, 2022
--Off 15.19% from its record high of $4.929 hit Friday, March 4, 2022
--Month-to-date it is down 4.88%
--Year-to-date it is down 27.45 cents or 6.16%
All prices are calculated based on the settlement price of the current front month contract.
Source: Dow Jones Market Data, FactSet
(END) Dow Jones Newswires
05-13-22 1406ET