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| Price | ▲ 0.47% | ▼ 1.07% | ▲ 1.56% | ▼ 1.32% |
| Energy | ▼ 2.2 | ▼ 11.0 | ▼ 5.4 | ▼ 17.2 |
Trend of Bull Critical COPPER Daily
▸When COPPER is in Bull Critical:
- then COPPER moved to higher Market State: 44 times — 31.2%
- then COPPER moved to lower Market State: 97 times — 68.8%
▸Current COPPER market energy: 63.83%
- Distance to upper bound of Bull Critical (at 74.5%): 10.67%
- Distance to lower bound of Bull Critical (at 60%): 3.83%
"Does history really repeat itself?" — 2AITRADING
Right as the Daily candle closes, COPPER shows the near-peak Bull energy level.
Market trend update: Compared to the previous candle (81%), Market Energy dropped -17.2% to 63.8%.
Time in Bull Critical 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 +63.8 to +99.7.
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 12-05-2021 closed, COPPER was at 4.748, down 1.32% from the previous candle (4.8118). Market Energy was 63.8%, down 17.2 points from 81%, in the Bull Critical state — controlled by buyers. The Bull Critical zone spans 60% to 74.5%.
How much did COPPER price move on this Daily candle, and how large is that historically?
COPPER closed at 4.748, down 1.32% from the previous Daily candle (4.8118). This drop is larger than 79% of past drops on the Daily timeframe for COPPER, across 734 candles since 2019.
How did COPPER Market Energy change from the previous candle?
Market Energy fell 17.2 percentage points from the previous candle — from 81% to 63.8%. This drop is larger than 69% 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 81%, Bull Extreme — when this candle closed, COPPER moved down to a lower zone: Bull Extreme → Bull Critical.
Where does COPPER energy sit within the Bull Critical zone?
At 63.8%, COPPER is 10.67 points from the upper boundary of Bull Critical (74.5%) and 3.83 points from the lower boundary (60%) — so energy sits closer to the lower boundary at candle close.
What does Bull Critical mean?
Bull Critical 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 Critical 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 Neutral with energy -0.7%; GER40 (European equities) in Neutral with energy 1.3%. Against this backdrop, COPPER (Bull Critical, 63.8%) 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 0.1%. COPPER energy is currently above DXY by 63.7 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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