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| Price | ▲ 2.07% | ▲ 2.53% | ▼ 1.64% | ▲ 1.27% |
| Energy | ▲ 22.5 | ▲ 47.0 | ▼ 43.9 | ▲ 20.7 |
Trend of Bear Bias COPPER Daily
▸When COPPER is in Bear Bias:
- then COPPER moved to higher Market State: 233 times — 72.4%
- then COPPER moved to lower Market State: 89 times — 27.6%
▸Current COPPER market energy: -38.77%
- Distance to upper bound of Bear Bias (at -20.88%): 17.89%
- Distance to lower bound of Bear Bias (at -60%): 21.23%
"To truly understand anything, study its history" — 2AITRADING
With the Daily candle just closed, COPPER shows the Bear trend energy zone.
Market energy measurement Market Energy dropped -23.2% from the previous session, from -15.6% to -38.8%.
Time in Bear Bias energy zone: 2 Daily Candle
Traders using any methodology can reference Market Energy on 2AiTrading to consider adjustments to their strategy — including stoploss, takeprofit, or position sizing — depending on the situation.
Over the past 5 days, COPPER Market Energy ranged from -62.6 to -15.6.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did COPPER price and energy show when this Daily candle closed?
When the Daily candle at 07:00 on 29-04-2013 closed, COPPER was at 3.2255, up 1.27% from the previous candle (3.185). Market Energy was -38.8%, up 20.7 points from -59.5%, in the Bear Bias state — controlled by sellers. The Bear Bias zone spans -60% to -20.88%.
How much did COPPER price move on this Daily candle, and how large is that historically?
COPPER closed at 3.2255, up 1.27% from the previous Daily candle (3.185).
How did COPPER Market Energy change from the previous candle?
Market Energy rose 20.7 percentage points from the previous candle — from -59.5% to -38.8%.
Do COPPER price and energy agree?
Yes. This candle recorded price moving up in the same direction as energy. This describes a closed candle, not a forecast of where price goes next.
What state was COPPER in on the previous Daily candle?
The previous Daily candle had COPPER at -59.5%, Bear Bias — this candle kept the same state, no zone change.
Where does COPPER energy sit within the Bear Bias zone?
At -38.8%, COPPER is 17.89 points from the upper boundary of Bear Bias (-20.88%) and 21.23 points from the lower boundary (-60%) — so energy sits closer to the upper boundary at candle close.
What does Bear Bias mean?
Bear Bias is one of 7 Market States in 2AiTrading's Market Energy model, applied consistently across every asset class, market and timeframe.
See the full Bear Bias definition →How is the US Dollar Index (DXY) trending?
Based on the latest completed H1 candle as of this candle close, the US Dollar Index (DXY) was in Neutral with Market Energy 14%. COPPER energy is currently below DXY by 52.8 points.
See the real-time energy chart for COPPER.
Open Energy ChartSee the full 2AiTrading Model data for COPPER on the COPPER overview →
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