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COPPER is currently controlled by buyers, in the Bull Extreme zone. Measured energy: +81.1%.
See the full 2AiTrading Model data for COPPER on the COPPER overview →
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UP–DOWN statistics for Bull Extreme COPPER Daily
▸When COPPER is in Bull Extreme:
- then COPPER moved to higher Market State: 0 times — 0%
- then COPPER moved to lower Market State: 87 times — 100%
▸Current COPPER market energy: 81.14%
- Distance to peak 100%: 18.86%
- Distance to lower bound of Bull Extreme (at 74.5%): 6.64%
"Let data guide you, but never trust it completely" — 2AITRADING
From the just-closed Daily candle data, Market Energy of COPPER indicates the Bull Extreme level.
Looking at the Market Energy reading, Market Energy reading rose +9.4%, moving from 71.8% to 81.1% after the Daily candle.
Time in Bull Extreme 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 +43.9 to +81.1.
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 08-07-2020 closed, COPPER was in Bull Extreme with Market Energy 81.1%, controlled by buyers. The Bull Extreme zone spans 74.5% to 100%.
How did COPPER Market Energy change from the previous candle?
Market Energy rose 9.4 percentage points from the previous candle — from 71.8% to 81.1%.
What state was COPPER in on the previous Daily candle?
The previous Daily candle had COPPER at 71.8%, Bull Critical — when this candle closed, COPPER moved up to a higher zone: Bull Critical → Bull Extreme.
Where does COPPER energy sit within the Bull Extreme zone?
At 81.1%, COPPER is 18.86 points from the upper boundary of Bull Extreme (100%) and 6.64 points from the lower boundary (74.5%) — so energy sits closer to the lower boundary at candle close.
What does Bull Extreme mean?
Bull Extreme 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 Extreme 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 Bias with energy -51.1%; GER40 (European equities) in Bear Bias with energy -59.7%. Against this backdrop, COPPER (Bull Extreme, 81.1%) has higher energy than SPX500, 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 Neutral with Market Energy 17.3%. 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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