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COPPER is currently controlled by sellers, in the Bear Bias zone. Measured energy: -26.5%.
See the full 2AiTrading Model data for COPPER on the COPPER overview →
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UP–DOWN statistics for Bear Bias COPPER Daily
▸When COPPER is in Bear Bias:
- then COPPER moved to higher Market State: 231 times — 72.2%
- then COPPER moved to lower Market State: 89 times — 27.8%
▸Current COPPER market energy: -26.51%
- Distance to upper bound of Bear Bias (at -20.88%): 5.63%
- Distance to lower bound of Bear Bias (at -60%): 33.49%
"Let data guide you, but never trust it completely" — 2AITRADING
As the Daily candle completes, COPPER recorded in the Bear trend energy zone.
Observing the COPPER market this session, Compared to the previous candle (-26.5%), Market Energy dropped 0% to -26.5%.
Time in Bear Bias energy zone: 2 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 +80.
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 24-10-2021 closed, COPPER was in Bear Bias with Market Energy -26.5%, controlled by sellers. The Bear Bias zone spans -60% to -20.88%.
How did COPPER Market Energy change from the previous candle?
Market Energy was nearly unchanged from the previous candle, holding around -26.5%.
What state was COPPER in on the previous Daily candle?
The previous Daily candle had COPPER at -26.5%, Bear Bias — this candle kept the same state, no zone change.
Where does COPPER energy sit within the Bear Bias zone?
At -26.5%, COPPER is 5.63 points from the upper boundary of Bear Bias (-20.88%) and 33.49 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 Bear Bias with energy -49.5%; GER40 (European equities) in Bear Bias with energy -25.1%. Against this backdrop, COPPER (Bear Bias, -26.5%) sits in the same state zone as 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 8.2%. COPPER energy is currently below DXY by 34.7 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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