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| Price | ▼ 0.67% | ▲ 0.40% | ▲ 0.91% | ▼ 0.10% |
| Energy | ▼ 10.1 | ▲ 17.6 | ▲ 40.8 | ▲ 6.1 |
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: 14.47%
- Distance to upper bound of Neutral (at 20.88%): 6.41%
- Distance to lower bound of Neutral (at -20.88%): 35.35%
"A person's history reveals more than you might think" — 2AITRADING
After the Daily session ends, COPPER currently in the neutral energy state.
Looking at the energy level, A +6.1% change from the previous candle, Market Energy is now 14.5% (previous: 8.3%).
Time in Neutral 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 -50 to +14.5.
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 21-01-2024 closed, COPPER was at 3.8022, down 0.1% from the previous candle (3.8058). Market Energy was 14.5%, up 6.1 points from 8.3%, 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 3.8022, down 0.1% from the previous Daily candle (3.8058). This drop is larger than 7% of past drops on the Daily timeframe for COPPER, across 1,569 candles since 2019.
How did COPPER Market Energy change from the previous candle?
Market Energy rose 6.1 percentage points from the previous candle — from 8.3% to 14.5%. This rise is larger than 33% of past rises on the Daily timeframe for COPPER.
Do COPPER price and energy agree?
No. This candle recorded a price decline with energy moving the other 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 8.3%, Neutral — this candle kept the same state, no zone change.
Where does COPPER energy sit within the Neutral zone?
At 14.5%, COPPER is 6.41 points from the upper boundary of Neutral (20.88%) and 35.35 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 Bull Extreme with energy 92.8%; GER40 (European equities) in Bull Critical with energy 68.2%. Against this backdrop, COPPER (Neutral, 14.5%) 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 Bear Bias with Market Energy -47.4%. COPPER energy is currently above DXY by 61.8 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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