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COPPER is currently controlled by sellers, in the Bear Extreme zone. Measured energy: -75.6%.
See the full 2AiTrading Model data for COPPER on the COPPER overview →
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UP–DOWN statistics for Bear Extreme COPPER Daily
▸When COPPER is in Bear Extreme:
- then COPPER moved to higher Market State: 74 times — 100%
- then COPPER moved to lower Market State: 0 times — 0%
▸Current COPPER market energy: -75.61%
- Distance to upper bound of Bear Extreme (at -74.5%): 1.11%
- Distance to bottom -100%: 24.39%
"To truly understand anything, study its history" — 2AITRADING
Right as the Daily candle closes, Market COPPER in the Bear Extreme level.
On the measurement side, Market trend energy recorded a +11.6% rise from the previous candle, from -87.2% to -75.6%.
Time in Bear Extreme energy zone: 4 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 -89.1 to -72.6.
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 24-05-2021 closed, COPPER was in Bear Extreme with Market Energy -75.6%, controlled by sellers. The Bear Extreme zone spans -100% to -74.5%.
How did COPPER Market Energy change from the previous candle?
Market Energy rose 11.6 percentage points from the previous candle — from -87.2% to -75.6%.
What state was COPPER in on the previous Daily candle?
The previous Daily candle had COPPER at -87.2%, Bear Extreme — this candle kept the same state, no zone change.
Where does COPPER energy sit within the Bear Extreme zone?
At -75.6%, COPPER is 1.11 points from the upper boundary of Bear Extreme (-74.5%) and 24.39 points from the lower boundary (-100%) — so energy sits closer to the upper boundary at candle close.
What does Bear Extreme mean?
Bear Extreme 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 Extreme 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 -13.5%; GER40 (European equities) in Bull Bias with energy 41%. Against this backdrop, COPPER (Bear Extreme, -75.6%) 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 59.7%. COPPER (Bear Extreme) and DXY currently sit on opposite sides.
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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