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| Price | ▲ 0.13% | ▼ 0.30% | ▲ 0.07% | ▼ 0.29% |
| Energy | ▼ 1.0 | ▼ 15.5 | ▼ 10.0 | ▼ 21.2 |
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: 38.45%
- Distance to upper bound of Bull Bias (at 60%): 21.55%
- Distance to lower bound of Bull Bias (at 20.88%): 17.57%
"To truly understand anything, study its history" — 2AITRADING
Observing the completed 1H candle, COPPER classified as the Bull Bias zone.
Market trend update: Market Energy at 38.5%, down -21.2% from 59.7% in the previous candle.
Time in Bull Bias 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 -26.5 to +90.7.
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 10-02-2021 closed, COPPER was at 3.7525, down 0.29% from the previous candle (3.7635). Market Energy was 38.5%, down 21.2 points from 59.7%, 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 1H candle, and how large is that historically?
COPPER closed at 3.7525, down 0.29% from the previous 1H candle (3.7635). This drop is larger than 82% of past drops on the 1H timeframe for COPPER, across 12,445 candles since 2019.
How did COPPER Market Energy change from the previous candle?
Market Energy fell 21.2 percentage points from the previous candle — from 59.7% to 38.5%. This drop is larger than 79% of past drops on the 1H timeframe for COPPER.
Do COPPER price and energy agree?
Yes. Both price and energy moved down on this candle. 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 59.7%, Bull Bias — this candle kept the same state, no zone change.
Where does COPPER energy sit within the Bull Bias zone?
At 38.5%, COPPER is 21.55 points from the upper boundary of Bull Bias (60%) and 17.57 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 Bull Bias with energy 39.6%; GER40 (European equities) in Bear Bias with energy -59.5%. Against this backdrop, COPPER (Bull Bias, 38.5%) has higher energy 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 Neutral with Market Energy -12.4%. COPPER energy is currently above DXY by 50.9 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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