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| Price | ▼ 1.31% | ▼ 0.09% | ▼ 0.04% | ▲ 0.53% |
| Energy | ▼ 33.1 | ▼ 14.9 | ▼ 1.8 | ▲ 15.0 |
Trend of Bull Bias COPPER Daily
▸When COPPER is in Bull Bias:
- then COPPER moved to higher Market State: 107 times — 31.4%
- then COPPER moved to lower Market State: 234 times — 68.6%
▸Current COPPER market energy: 22.99%
- Distance to upper bound of Bull Bias (at 60%): 37.01%
- Distance to lower bound of Bull Bias (at 20.88%): 2.11%
"A person's history reveals more than you might think" — 2AITRADING
After the Daily data updates, Result for COPPER: energy leaning Bull.
On the energy side, Market Energy rose +15% this candle, currently 23% (previous candle 8%).
Time in Bull Bias energy zone: 1 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 +8 to +57.9.
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 16-04-2018 closed, COPPER was at 2.6103, up 0.53% from the previous candle (2.5965). Market Energy was 23%, up 15.0 points from 8%, in the Bull Bias state — controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How much did COPPER price move on this Daily candle, and how large is that historically?
COPPER closed at 2.6103, up 0.53% from the previous Daily candle (2.5965).
How did COPPER Market Energy change from the previous candle?
Market Energy rose 15 percentage points from the previous candle — from 8% to 23%.
Do COPPER price and energy agree?
Yes. This candle recorded price moving up in the same direction as energy. This describes the candle that just closed; it does not say where price goes next.
What state was COPPER in on the previous Daily candle?
The previous Daily candle had COPPER at 8%, Neutral — when this candle closed, COPPER moved up to a higher zone: Neutral → Bull Bias.
Where does COPPER energy sit within the Bull Bias zone?
At 23%, COPPER is 37.01 points from the upper boundary of Bull Bias (60%) and 2.11 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 Bull Bias with energy 25.1%; GER40 (European equities) in Bear Bias with energy -56.6%. Against this backdrop, COPPER (Bull Bias, 23%) has higher energy than GER40; sits in the same state zone as SPX500.
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 -32.8%. COPPER (Bull Bias) and DXY currently sit on opposite sides.
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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