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COPPER is currently leaning slightly toward buyers, energy +6.5%. This still sits in the Neutral zone — the probability of a clear trend is not yet defined.
See the full 2AiTrading Model data for COPPER on the COPPER overview →
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UP–DOWN statistics for Neutral COPPER Daily
▸When COPPER is in Neutral:
- then COPPER moved to higher Market State: 230 times — 51.3%
- then COPPER moved to lower Market State: 218 times — 48.7%
▸Current COPPER market energy: 6.48%
- Distance to upper bound of Neutral (at 20.88%): 14.4%
- Distance to lower bound of Neutral (at -20.88%): 27.36%
"Past — present — future. The past and present are known. The future is yours" — 2AITRADING
Right as the Daily candle closes, COPPER in the Neutral state.
Market trend update: The energy level rose +12.8%: from -6.3% now at 6.5%.
Time in Neutral energy zone: 3 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 -20.6 to +6.5.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What state was COPPER on Daily when this candle closed?
When the Daily candle at 07:00 on 08-09-2016 closed, COPPER was in Neutral with Market Energy 6.5%, the market is neutral. The Neutral zone spans -20.88% to 20.88%.
How did COPPER Market Energy change from the previous candle?
Market Energy rose 12.8 percentage points from the previous candle — from -6.3% to 6.5%.
What state was COPPER in on the previous Daily candle?
The previous Daily candle had COPPER at -6.3%, Neutral — this candle kept the same state, no zone change.
Where does COPPER energy sit within the Neutral zone?
At 6.5%, COPPER is 14.4 points from the upper boundary of Neutral (20.88%) and 27.36 points from the lower boundary (-20.88%) — so energy sits closer to the upper boundary at candle close.
What does Neutral mean?
Neutral is one of 7 Market States in 2AiTrading's Market Energy model, applied consistently across every asset class, market and timeframe.
See the full Neutral definition →How are the broader market indices trending?
Based on each index's latest completed H1 candle as of this candle close: SPX500 (US equities) in Bull Bias with energy 26.8%; GER40 (European equities) in Neutral with energy 10.4%. Against this backdrop, COPPER (Neutral, 6.5%) lower than SPX500; sits in the same state zone as GER40.
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 Bear Bias with Market Energy -57.4%. COPPER energy is currently above DXY by 63.9 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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