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| Price | ▼ 0.96% | ▼ 1.70% | ▲ 2.28% | ▼ 1.98% |
| Energy | ▼ 8.5 | ▼ 22.7 | ▲ 14.1 | ▼ 13.6 |
Trend of Neutral COPPER Daily
▸When COPPER is in Neutral:
- then COPPER moved to higher Market State: 234 times — 51.8%
- then COPPER moved to lower Market State: 218 times — 48.2%
▸Current COPPER market energy: 10.35%
- Distance to upper bound of Neutral (at 20.88%): 10.53%
- Distance to lower bound of Neutral (at -20.88%): 31.23%
"A person's history reveals more than you might think" — 2AITRADING
Right as the Daily candle closes, COPPER within neutral trend energy.
Observing the COPPER market this session, Compared to the previous candle (23.9%), Market Energy dropped -13.6% to 10.4%.
Time in Neutral 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 +9.9 to +41.1.
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 18-03-2021 closed, COPPER was at 4.0775, down 1.98% from the previous candle (4.1598). Market Energy was 10.4%, down 13.6 points from 23.9%, in the Neutral state — the market is neutral. The Neutral zone spans -20.88% to 20.88%.
How much did COPPER price move on this Daily candle, and how large is that historically?
COPPER closed at 4.0775, down 1.98% from the previous Daily candle (4.1598). This drop is larger than 90% of past drops on the Daily timeframe for COPPER, across 688 candles since 2019.
How did COPPER Market Energy change from the previous candle?
Market Energy fell 13.6 percentage points from the previous candle — from 23.9% to 10.4%. This drop is larger than 60% of past drops on the Daily timeframe for COPPER.
Do COPPER price and energy agree?
Yes. On this candle price fell and energy fell — both moved the same way. 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 23.9%, Bull Bias — when this candle closed, COPPER moved down to a lower zone: Bull Bias → Neutral.
Where does COPPER energy sit within the Neutral zone?
At 10.4%, COPPER is 10.53 points from the upper boundary of Neutral (20.88%) and 31.23 points from the lower boundary (-20.88%) — so energy sits closer to the upper boundary at candle close.
What does Neutral mean?
Neutral is one of 7 Market States in 2AiTrading's Market Energy model, applied consistently across every asset class, market and timeframe.
See the full Neutral 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 91.2%; GER40 (European equities) in Bull Extreme with energy 76.4%. Against this backdrop, COPPER (Neutral, 10.4%) 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 Bear Extreme with Market Energy -99%. COPPER energy is currently above DXY by 109.4 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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