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| Price | ▲ 0.14% | ▲ 0.23% | ▼ 0.18% | ▼ 0.34% |
| Energy | ▲ 15.7 | ▲ 29.5 | ▼ 14.5 | ▼ 52.9 |
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: -5.58%
- Distance to upper bound of Neutral (at 20.88%): 26.46%
- Distance to lower bound of Neutral (at -20.88%): 15.3%
"Does history really repeat itself?" — 2AITRADING
Reading from the 1H candle, COPPER reflects the Neutral state.
Market energy movement Market Energy reading dropped -52.9%, moving from 47.3% to -5.6% after the 1H candle.
Time in Neutral energy zone: 1 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 -62 to +97.1.
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 15:00 on 07-01-2021 closed, COPPER was at 3.6563, down 0.34% from the previous candle (3.6688). Market Energy was -5.6%, down 52.9 points from 47.3%, 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 1H candle, and how large is that historically?
COPPER closed at 3.6563, down 0.34% from the previous 1H candle (3.6688). This drop is larger than 86% of past drops on the 1H timeframe for COPPER, across 11,895 candles since 2019.
How did COPPER Market Energy change from the previous candle?
Market Energy fell 52.9 percentage points from the previous candle — from 47.3% to -5.6%. This drop is larger than 97% of past drops on the 1H timeframe for COPPER.
Do COPPER price and energy agree?
Yes. On this candle price fell and energy fell — both moved the same way. 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 47.3%, 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 -5.6%, COPPER is 26.46 points from the upper boundary of Neutral (20.88%) and 15.3 points from the lower boundary (-20.88%) — so energy sits closer to the lower 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 Neutral with energy -8.4%; GER40 (European equities) in Bull Bias with energy 32.6%. Against this backdrop, COPPER (Neutral, -5.6%) lower than GER40; sits in the same state zone as SPX500.
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 77%. COPPER energy is currently below DXY by 82.6 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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