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| Price | ▲ 0.34% | ▼ 0.08% | ▼ 0.19% | ▲ 0.10% |
| Energy | ▲ 13.6 | ▲ 1.6 | ▼ 22.1 | ▼ 3.7 |
Trend of Neutral COPPER 1H
▸When COPPER is in Neutral:
- then COPPER moved to higher Market State: 2,825 times — 49.2%
- then COPPER moved to lower Market State: 2,921 times — 50.8%
▸Current COPPER market energy: 10.83%
- Distance to upper bound of Neutral (at 20.88%): 10.05%
- Distance to lower bound of Neutral (at -20.88%): 31.71%
"To truly understand anything, study its history" — 2AITRADING
Once measurement on the 1H timeframe completes, COPPER recorded in the balanced energy state.
Per the 2AI model, Market Energy moved from 14.5% to 10.8%, down -3.7% from the previous candle.
Time in Neutral energy zone: 2 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 -80.2 to +70.9.
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 18:00 on 03-11-2020 closed, COPPER was at 3.0895, up 0.1% from the previous candle (3.0865). Market Energy was 10.8%, down 3.7 points from 14.5%, 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 1H candle, and how large is that historically?
COPPER closed at 3.0895, up 0.1% from the previous 1H candle (3.0865). This rise is larger than 44% of past rises on the 1H timeframe for COPPER, across 10,872 candles since 2019.
How did COPPER Market Energy change from the previous candle?
Market Energy fell 3.7 percentage points from the previous candle — from 14.5% to 10.8%. This drop is larger than 31% of past drops on the 1H timeframe for COPPER.
Do COPPER price and energy agree?
No. On this candle price rose but energy fell — the two moved in opposite directions. This describes a closed candle, not a forecast of where price goes next.
What state was COPPER in on the previous 1H candle?
The previous 1H candle had COPPER at 14.5%, Neutral — this candle kept the same state, no zone change.
Where does COPPER energy sit within the Neutral zone?
At 10.8%, COPPER is 10.05 points from the upper boundary of Neutral (20.88%) and 31.71 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 82.6%; GER40 (European equities) in Bull Extreme with energy 82.2%. Against this backdrop, COPPER (Neutral, 10.8%) 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 -88.8%. COPPER energy is currently above DXY by 99.6 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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