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| Price | ▲ 2.62% | ▼ 0.23% | ▲ 3.30% | ▼ 0.55% |
| Energy | ▲ 60.3 | ▲ 1.0 | ▼ 0.5 | ▼ 6.9 |
Trend of Bull Extreme COPPER Daily
▸When COPPER is in Bull Extreme:
- then COPPER moved to higher Market State: 0 times — 0%
- then COPPER moved to lower Market State: 88 times — 100%
▸Current COPPER market energy: 88.82%
- Distance to peak 100%: 11.18%
- Distance to lower bound of Bull Extreme (at 74.5%): 14.32%
"History always repeats itself, one way or another" — 2AITRADING
From the just-closed Daily candle data, COPPER reflects the trend energy Bull Extreme.
Market movement after the Daily candle closes, The energy level dropped -6.9%: from 95.7% now at 88.8%.
Time in Bull 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 +35 to +96.2.
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 27-07-2021 closed, COPPER was at 4.5757, down 0.55% from the previous candle (4.6013). Market Energy was 88.8%, down 6.9 points from 95.7%, in the Bull Extreme state — controlled by buyers. The Bull Extreme zone spans 74.5% to 100%.
How much did COPPER price move on this Daily candle, and how large is that historically?
COPPER closed at 4.5757, down 0.55% from the previous Daily candle (4.6013). This drop is larger than 43% of past drops on the Daily timeframe for COPPER, across 799 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 95.7% to 88.8%. 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 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 95.7%, Bull Extreme — this candle kept the same state, no zone change.
Where does COPPER energy sit within the Bull Extreme zone?
At 88.8%, COPPER is 11.18 points from the upper boundary of Bull Extreme (100%) and 14.32 points from the lower boundary (74.5%) — so energy sits closer to the upper boundary at candle close.
What does Bull Extreme mean?
Bull 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 Bull 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 Bull Bias with energy 41.4%; GER40 (European equities) in Neutral with energy -2.4%. Against this backdrop, COPPER (Bull Extreme, 88.8%) 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 Bear Critical with Market Energy -63.4%. COPPER (Bull 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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