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| Price | ▲ 0.30% | ▼ 1.56% | ▲ 0.94% | ▼ 0.95% |
| Energy | ▼ 3.3 | ▼ 20.1 | ▼ 4.2 | ▼ 14.7 |
Trend of Bull Bias COPPER Daily
▸When COPPER is in Bull Bias:
- then COPPER moved to higher Market State: 107 times — 31.4%
- then COPPER moved to lower Market State: 234 times — 68.6%
▸Current COPPER market energy: 53%
- Distance to upper bound of Bull Bias (at 60%): 7%
- Distance to lower bound of Bull Bias (at 20.88%): 32.12%
"Why does archaeology matter?" — 2AITRADING
COPPER classified into the Bull Bias level after the Daily candle completed.
Per the 2AiTrading energy measurement system, Compared to the previous candle (67.7%), Market Energy dropped -14.7% to 53%.
Time in Bull 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 +53 to +95.2.
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 21-03-2024 closed, COPPER was at 4.0728, down 0.95% from the previous candle (4.1117). Market Energy was 53%, down 14.7 points from 67.7%, in the Bull Bias state — controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How much did COPPER price move on this Daily candle, and how large is that historically?
COPPER closed at 4.0728, down 0.95% from the previous Daily candle (4.1117). This drop is larger than 63% of past drops on the Daily timeframe for COPPER, across 1,621 candles since 2019.
How did COPPER Market Energy change from the previous candle?
Market Energy fell 14.7 percentage points from the previous candle — from 67.7% to 53%. This drop is larger than 64% 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 67.7%, Bull Critical — when this candle closed, COPPER moved down to a lower zone: Bull Critical → Bull Bias.
Where does COPPER energy sit within the Bull Bias zone?
At 53%, COPPER is 7 points from the upper boundary of Bull Bias (60%) and 32.12 points from the lower boundary (20.88%) — so energy sits closer to the upper boundary at candle close.
What does Bull Bias mean?
Bull 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 Bull 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 99.8%; GER40 (European equities) in Bull Extreme with energy 96.5%. Against this backdrop, COPPER (Bull Bias, 53%) 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 Extreme with Market Energy -98.1%. COPPER (Bull 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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