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| Price | ▲ 0.20% | ▲ 0.22% | ▼ 0.32% | ▼ 2.38% |
| Energy | ▲ 0.7 | ▲ 6.4 | ▼ 0.4 | ▼ 52.0 |
Trend of Bear Bias COPPER Daily
▸When COPPER is in Bear Bias:
- then COPPER moved to higher Market State: 233 times — 72.4%
- then COPPER moved to lower Market State: 89 times — 27.6%
▸Current COPPER market energy: -33.61%
- Distance to upper bound of Bear Bias (at -20.88%): 12.73%
- Distance to lower bound of Bear Bias (at -60%): 26.39%
"History always repeats itself, one way or another" — 2AITRADING
After the Daily session ends, Result for COPPER: the Market Energy zone leaning Bear.
Meanwhile, Market trend energy recorded a -52% drop from the previous candle, from 18.4% to -33.6%.
Time in Bear 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 -33.6 to +18.8.
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 27-01-2021 closed, COPPER was at 3.531, down 2.38% from the previous candle (3.6173). Market Energy was -33.6%, down 52.0 points from 18.4%, in the Bear Bias state — controlled by sellers. The Bear Bias zone spans -60% to -20.88%.
How much did COPPER price move on this Daily candle, and how large is that historically?
COPPER closed at 3.531, down 2.38% from the previous Daily candle (3.6173). This drop is larger than 95% of past drops on the Daily timeframe for COPPER, across 645 candles since 2019.
How did COPPER Market Energy change from the previous candle?
Market Energy fell 52 percentage points from the previous candle — from 18.4% to -33.6%. This drop is larger than 97% of past drops on the Daily timeframe for COPPER.
Do COPPER price and energy agree?
Yes. Both price and energy moved down 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 18.4%, Neutral — when this candle closed, COPPER moved down to a lower zone: Neutral → Bear Bias.
Where does COPPER energy sit within the Bear Bias zone?
At -33.6%, COPPER is 12.73 points from the upper boundary of Bear Bias (-20.88%) and 26.39 points from the lower boundary (-60%) — so energy sits closer to the upper boundary at candle close.
What does Bear Bias mean?
Bear 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 Bear 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 Bias with energy -41.9%; GER40 (European equities) in Neutral with energy 6.2%. Against this backdrop, COPPER (Bear Bias, -33.6%) lower 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 -46.5%. COPPER (Bear Bias) and DXY currently sit on the same Bear 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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