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| Price | ▼ 0.15% | ▲ 0.47% | ▲ 0.12% | ▼ 0.59% |
| Energy | ▼ 2.7 | ▼ 4.0 | ▼ 0.2 | ▼ 17.9 |
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: 9.27%
- Distance to upper bound of Neutral (at 20.88%): 11.61%
- Distance to lower bound of Neutral (at -20.88%): 30.15%
"History always repeats itself, one way or another" — 2AITRADING
Measurement result after the Daily candle closes, COPPER within the balanced energy state.
Observing the COPPER market this session, Market Energy dropped -17.9% from the previous candle, from 27.1% to 9.3%.
Time in Neutral 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 +9.3 to +34.1.
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 04-09-2023 closed, COPPER was at 3.8339, down 0.59% from the previous candle (3.8567). Market Energy was 9.3%, down 17.9 points from 27.1%, 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 3.8339, down 0.59% from the previous Daily candle (3.8567). This drop is larger than 43% of past drops on the Daily timeframe for COPPER, across 1,452 candles since 2019.
How did COPPER Market Energy change from the previous candle?
Market Energy fell 17.9 percentage points from the previous candle — from 27.1% to 9.3%. This drop is larger than 70% 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 27.1%, Bull Bias — when this candle closed, COPPER moved down to a lower zone: Bull Bias → Neutral.
Where does COPPER energy sit within the Neutral zone?
At 9.3%, COPPER is 11.61 points from the upper boundary of Neutral (20.88%) and 30.15 points from the lower boundary (-20.88%) — so energy sits closer to the upper 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 Bear Bias with energy -26%; GER40 (European equities) in Bear Bias with energy -42.7%. Against this backdrop, COPPER (Neutral, 9.3%) 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 Bull Extreme with Market Energy 94.6%. COPPER energy is currently below DXY by 85.3 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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