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COPPER is currently controlled by buyers, in the Bull Bias zone. Measured energy: +29.4%.
See the full 2AiTrading Model data for COPPER on the COPPER overview →
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UP–DOWN statistics for Bull Bias COPPER Daily
▸When COPPER is in Bull Bias:
- then COPPER moved to higher Market State: 105 times — 31.3%
- then COPPER moved to lower Market State: 231 times — 68.8%
▸Current COPPER market energy: 29.4%
- Distance to upper bound of Bull Bias (at 60%): 30.6%
- Distance to lower bound of Bull Bias (at 20.88%): 8.52%
"Past — present — future. The past and present are known. The future is yours" — 2AITRADING
Observing the completed Daily candle, COPPER within the Bull Bias level.
Market movement after the Daily candle closes, The energy level rose +27.5%: from 1.9% now at 29.4%.
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 -32.4 to +29.4.
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 05-02-2021 closed, COPPER was in Bull Bias with Market Energy 29.4%, controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How did COPPER Market Energy change from the previous candle?
Market Energy rose 27.5 percentage points from the previous candle — from 1.9% to 29.4%.
What state was COPPER in on the previous Daily candle?
The previous Daily candle had COPPER at 1.9%, 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 29.4%, COPPER is 30.6 points from the upper boundary of Bull Bias (60%) and 8.52 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 Extreme with energy 80.8%; GER40 (European equities) in Bull Critical with energy 72.8%. Against this backdrop, COPPER (Bull Bias, 29.4%) lower 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 Bull Bias with Market Energy 36.3%. 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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