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COPPER is currently controlled by buyers, in the Bull Bias zone. Measured energy: +57.4%.
See the full 2AiTrading Model data for COPPER on the COPPER overview →
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UP–DOWN statistics for Bull Bias COPPER 1H
▸When COPPER is in Bull Bias:
- then COPPER moved to higher Market State: 1,335 times — 31.3%
- then COPPER moved to lower Market State: 2,924 times — 68.7%
▸Current COPPER market energy: 57.39%
- Distance to upper bound of Bull Bias (at 60%): 2.61%
- Distance to lower bound of Bull Bias (at 20.88%): 36.51%
"Does history really repeat itself?" — 2AITRADING
Reading from the 1H candle, COPPER recorded in the Bull Bias energy state.
On the energy side, Compared to the previous candle (51.4%), Market Energy rose +6% to 57.4%.
Time in Bull Bias energy zone: 7 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 state was COPPER on 1H when this candle closed?
When the 1H candle at 21:00 on 10-02-2021 closed, COPPER was in Bull Bias with Market Energy 57.4%, controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How did COPPER Market Energy change from the previous candle?
Market Energy rose 6 percentage points from the previous candle — from 51.4% to 57.4%.
What state was COPPER in on the previous 1H candle?
The previous 1H candle had COPPER at 51.4%, Bull Bias — this candle kept the same state, no zone change.
Where does COPPER energy sit within the Bull Bias zone?
At 57.4%, COPPER is 2.61 points from the upper boundary of Bull Bias (60%) and 36.51 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 Neutral with energy 7.1%; GER40 (European equities) in Neutral with energy -12.4%. Against this backdrop, COPPER (Bull Bias, 57.4%) 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 Neutral with Market Energy -2.8%. COPPER energy is currently above DXY by 60.1 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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