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| Price | ▼ 0.38% | ▲ 0.12% | ▼ 0.08% | ▲ 0.11% |
| Energy | ▼ 46.1 | ▼ 9.9 | ▼ 2.4 | ▲ 10.0 |
Trend of Bull Bias COPPER 1H
▸When COPPER is in Bull Bias:
- then COPPER moved to higher Market State: 1,363 times — 31.4%
- then COPPER moved to lower Market State: 2,971 times — 68.6%
▸Current COPPER market energy: 38%
- Distance to upper bound of Bull Bias (at 60%): 22%
- Distance to lower bound of Bull Bias (at 20.88%): 17.12%
"Does history really repeat itself?" — 2AITRADING
Following the completion of the 1H candle, Market COPPER in the energy state tilted toward Bull.
The energy side shows Energy delta +10%: Market Energy at 38%, previously 28%.
Time in Bull Bias energy zone: 4 1H 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 -81.5 to +86.4.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did COPPER price and energy show when this 1H candle closed?
When the 1H candle at 16:00 on 17-12-2019 closed, COPPER was at 2.8228, up 0.11% from the previous candle (2.8198). Market Energy was 38%, up 10.0 points from 28%, 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 1H candle, and how large is that historically?
COPPER closed at 2.8228, up 0.11% from the previous 1H candle (2.8198). This rise is larger than 55% of past rises on the 1H timeframe for COPPER, across 5,682 candles since 2019.
How did COPPER Market Energy change from the previous candle?
Market Energy rose 10 percentage points from the previous candle — from 28% to 38%. This rise is larger than 59% of past rises on the 1H timeframe for COPPER.
Do COPPER price and energy agree?
Yes. Both price and energy moved up 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 1H candle?
The previous 1H candle had COPPER at 28%, Bull Bias — this candle kept the same state, no zone change.
Where does COPPER energy sit within the Bull Bias zone?
At 38%, COPPER is 22 points from the upper boundary of Bull Bias (60%) and 17.12 points from the lower boundary (20.88%) — so energy sits closer to the lower 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 Bear Bias with energy -57.1%; GER40 (European equities) in Bear Extreme with energy -97.6%. Against this backdrop, COPPER (Bull Bias, 38%) 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 Bias with Market Energy 53.1%. COPPER (Bull Bias) and DXY currently sit on the same Bull side.
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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