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| Price | ▼ 0.61% | ▲ 0.82% | ▼ 3.38% | ▼ 1.26% |
| Energy | ▼ 10.4 | ▼ 5.1 | ▼ 40.1 | ▼ 61.4 |
Trend of Bear Bias COPPER Daily
▸When COPPER is in Bear Bias:
- then COPPER moved to higher Market State: 233 times — 72.4%
- then COPPER moved to lower Market State: 89 times — 27.6%
▸Current COPPER market energy: -26.47%
- Distance to upper bound of Bear Bias (at -20.88%): 5.59%
- Distance to lower bound of Bear Bias (at -60%): 33.53%
"A person's history reveals more than you might think" — 2AITRADING
The system just recorded COPPER in the Bear Bias energy state after the Daily candle closed.
Per the 2AiTrading energy measurement system, Market Energy moved from 34.9% to -26.5%, down -61.4% from the previous candle.
Time in Bear Bias 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 -26.5 to +90.4.
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 22-10-2021 closed, COPPER was at 4.4827, down 1.26% from the previous candle (4.5398). Market Energy was -26.5%, down 61.4 points from 34.9%, in the Bear Bias state — controlled by sellers. The Bear Bias zone spans -60% to -20.88%.
How much did COPPER price move on this Daily candle, and how large is that historically?
COPPER closed at 4.4827, down 1.26% from the previous Daily candle (4.5398). This drop is larger than 76% of past drops on the Daily timeframe for COPPER, across 873 candles since 2019.
How did COPPER Market Energy change from the previous candle?
Market Energy fell 61.4 percentage points from the previous candle — from 34.9% to -26.5%. This drop is larger than 97% 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 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 34.9%, Bull Bias — when this candle closed, COPPER moved down to a lower zone: Bull Bias → Bear Bias.
Where does COPPER energy sit within the Bear Bias zone?
At -26.5%, COPPER is 5.59 points from the upper boundary of Bear Bias (-20.88%) and 33.53 points from the lower boundary (-60%) — so energy sits closer to the upper boundary at candle close.
What does Bear Bias mean?
Bear Bias 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 Bias 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 Critical with energy 72.7%; GER40 (European equities) in Bull Bias with energy 58.5%. Against this backdrop, COPPER (Bear Bias, -26.5%) 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 Neutral with Market Energy 4.9%. COPPER energy is currently below DXY by 31.4 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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