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| Price | ▼ 0.37% | ▲ 0.82% | ▲ 0.96% | ▼ 0.04% |
| Energy | ▼ 0.2 | ▲ 16.7 | ▲ 20.1 | ▲ 3.2 |
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: 27.58%
- Distance to upper bound of Bull Bias (at 60%): 32.42%
- Distance to lower bound of Bull Bias (at 20.88%): 6.7%
"History always repeats itself, one way or another" — 2AITRADING
The Bull Bias state determined for COPPER through the Daily candle data.
On the 2AiTrading energy system, Market Energy rose +3.2% from the previous candle, from 24.4% to 27.6%.
Time in Bull 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 -35.1 to +27.6.
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 04-05-2018 closed, COPPER was at 2.6173, down 0.04% from the previous candle (2.6183). Market Energy was 27.6%, up 3.2 points from 24.4%, 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 2.6173, down 0.04% from the previous Daily candle (2.6183).
How did COPPER Market Energy change from the previous candle?
Market Energy rose 3.2 percentage points from the previous candle — from 24.4% to 27.6%.
Do COPPER price and energy agree?
No. On this candle price fell but energy rose — the two moved in opposite directions. 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 24.4%, Bull Bias — this candle kept the same state, no zone change.
Where does COPPER energy sit within the Bull Bias zone?
At 27.6%, COPPER is 32.42 points from the upper boundary of Bull Bias (60%) and 6.7 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 34.3%; GER40 (European equities) in Bear Bias with energy -22.1%. Against this backdrop, COPPER (Bull Bias, 27.6%) 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 Bull Extreme with Market Energy 78.4%. 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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