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COPPER is currently controlled by sellers, in the Bear Bias zone. Measured energy: -26.6%.
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: -26.61%
- Distance to upper bound of Bear Bias (at -20.88%): 5.73%
- Distance to lower bound of Bear Bias (at -60%): 33.39%
"Does history really repeat itself?" — 2AITRADING
From the just-closed Daily candle data, COPPER reflects the Bear Bias state.
The energy side shows The energy level dropped -6.4%: from -20.2% now at -26.6%.
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 -26.6 to +34.9.
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 26-10-2021 closed, COPPER was in Bear Bias with Market Energy -26.6%, controlled by sellers. The Bear Bias zone spans -60% to -20.88%.
How did COPPER Market Energy change from the previous candle?
Market Energy fell 6.4 percentage points from the previous candle — from -20.2% to -26.6%.
What state was COPPER in on the previous Daily candle?
The previous Daily candle had COPPER at -20.2%, Neutral — when this candle closed, COPPER moved down to a lower zone: Neutral → Bear Bias.
Where does COPPER energy sit within the Bear Bias zone?
At -26.6%, COPPER is 5.73 points from the upper boundary of Bear Bias (-20.88%) and 33.39 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 Extreme with energy 86.7%; GER40 (European equities) in Bull Extreme with energy 92.2%. Against this backdrop, COPPER (Bear Bias, -26.6%) 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 50.3%. COPPER (Bear Bias) 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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