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COPPER is currently controlled by buyers, in the Bull Bias zone. Measured energy: +26.9%.
See the full 2AiTrading Model data for COPPER on the COPPER overview →
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UP–DOWN statistics for Bull Bias COPPER Daily
▸When COPPER is in Bull Bias:
- then COPPER moved to higher Market State: 105 times — 31.3%
- then COPPER moved to lower Market State: 231 times — 68.8%
▸Current COPPER market energy: 26.95%
- Distance to upper bound of Bull Bias (at 60%): 33.05%
- Distance to lower bound of Bull Bias (at 20.88%): 6.07%
"To truly understand anything, study its history" — 2AITRADING
After the Daily candle closes, COPPER noted at the Bull Bias state.
Looking at the Market Energy reading, Compared to the previous candle (25.3%), Market Energy rose +1.6% to 26.9%.
Time in Bull Bias 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 +10.7 to +26.9.
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 09-08-2017 closed, COPPER was in Bull Bias with Market Energy 26.9%, controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How did COPPER Market Energy change from the previous candle?
Market Energy rose 1.6 percentage points from the previous candle — from 25.3% to 26.9%.
What state was COPPER in on the previous Daily candle?
The previous Daily candle had COPPER at 25.3%, Bull Bias — this candle kept the same state, no zone change.
Where does COPPER energy sit within the Bull Bias zone?
At 26.9%, COPPER is 33.05 points from the upper boundary of Bull Bias (60%) and 6.07 points from the lower boundary (20.88%) — so energy sits closer to the lower boundary at candle close.
What does Bull Bias mean?
Bull 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 Bull Bias 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 Bear Extreme with energy -79.6%; GER40 (European equities) in Bull Bias with energy 39%. Against this backdrop, COPPER (Bull Bias, 26.9%) has higher energy 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 Bull Bias with Market Energy 34%. COPPER (Bull Bias) and DXY currently sit on the same Bull side.
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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