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| Price | ▼ 0.95% | ▲ 1.39% | ▲ 0.25% | ▼ 0.94% |
| Energy | ▼ 5.1 | ▲ 18.8 | ▲ 5.5 | ▼ 6.9 |
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: -16.01%
- Distance to upper bound of Neutral (at 20.88%): 36.89%
- Distance to lower bound of Neutral (at -20.88%): 4.87%
"Why does archaeology matter?" — 2AITRADING
From the just-closed Daily candle data, Market Energy of COPPER indicates the Bull/Bear balanced state.
On the energy side, The energy level dropped -6.9%: from -9.1% now at -16%.
Time in Neutral energy zone: 3 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 -33.4 to -9.1.
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 14-06-2021 closed, COPPER was at 4.526, down 0.94% from the previous candle (4.5688). Market Energy was -16%, down 6.9 points from -9.1%, 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 4.526, down 0.94% from the previous Daily candle (4.5688). This drop is larger than 67% of past drops on the Daily timeframe for COPPER, across 762 candles since 2019.
How did COPPER Market Energy change from the previous candle?
Market Energy fell 6.9 percentage points from the previous candle — from -9.1% to -16%. This drop is larger than 39% 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 the candle that just closed; it does not say where price goes next.
What state was COPPER in on the previous Daily candle?
The previous Daily candle had COPPER at -9.1%, Neutral — this candle kept the same state, no zone change.
Where does COPPER energy sit within the Neutral zone?
At -16%, COPPER is 36.89 points from the upper boundary of Neutral (20.88%) and 4.87 points from the lower boundary (-20.88%) — so energy sits closer to the lower 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 Bias with energy 46.4%; GER40 (European equities) in Bull Critical with energy 66.8%. Against this backdrop, COPPER (Neutral, -16%) 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 Extreme with Market Energy 77.2%. COPPER energy is currently below DXY by 93.2 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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