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| Price | ▼ 2.69% | ▲ 1.98% | ▼ 0.54% | ▲ 1.41% |
| Energy | ▼ 42.2 | ▲ 6.2 | ▲ 2.5 | ▲ 11.3 |
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: 37.94%
- Distance to upper bound of Bull Bias (at 60%): 22.06%
- Distance to lower bound of Bull Bias (at 20.88%): 17.06%
"Past — present — future. The past and present are known. The future is yours" — 2AITRADING
Following the completion of the Daily candle, COPPER classified as the Bull Bias energy zone.
The market energy reading Market Energy at 37.9%, up +11.3% from 26.7% in the previous candle.
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 +18 to +60.2.
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 14-01-2021 closed, COPPER was at 3.6645, up 1.41% from the previous candle (3.6135). Market Energy was 37.9%, up 11.3 points from 26.7%, 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 3.6645, up 1.41% from the previous Daily candle (3.6135). This rise is larger than 81% of past rises on the Daily timeframe for COPPER, across 634 candles since 2019.
How did COPPER Market Energy change from the previous candle?
Market Energy rose 11.3 percentage points from the previous candle — from 26.7% to 37.9%. This rise is larger than 55% of past rises on the Daily timeframe for COPPER.
Do COPPER price and energy agree?
Yes. Both price and energy moved up on this candle. This describes a closed candle, not a forecast of where price goes next.
What state was COPPER in on the previous Daily candle?
The previous Daily candle had COPPER at 26.7%, Bull Bias — this candle kept the same state, no zone change.
Where does COPPER energy sit within the Bull Bias zone?
At 37.9%, COPPER is 22.06 points from the upper boundary of Bull Bias (60%) and 17.06 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 49.6%; GER40 (European equities) in Bull Bias with energy 47.8%. Against this backdrop, COPPER (Bull Bias, 37.9%) sits in the same state zone as 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 Bull Bias with Market Energy 39.9%. 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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