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COPPER is currently controlled by buyers, in the Bull Extreme zone. Measured energy: +90.9%.
See the full 2AiTrading Model data for COPPER on the COPPER overview →
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UP–DOWN statistics for Bull Extreme COPPER 1H
▸When COPPER is in Bull Extreme:
- then COPPER moved to higher Market State: 0 times — 0%
- then COPPER moved to lower Market State: 806 times — 100%
▸Current COPPER market energy: 90.95%
- Distance to peak 100%: 9.05%
- Distance to lower bound of Bull Extreme (at 74.5%): 16.45%
"Does history really repeat itself?" — 2AITRADING
COPPER processing result: the Bull Extreme state after the 1H candle closed.
On the measurement side, Market Energy moved from 94.4% to 90.9%, down -3.5% from the previous candle.
Time in Bull Extreme 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 -63.9 to +97.7.
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 11:00 on 07-05-2021 closed, COPPER was in Bull Extreme with Market Energy 90.9%, controlled by buyers. The Bull Extreme zone spans 74.5% to 100%.
How did COPPER Market Energy change from the previous candle?
Market Energy fell 3.5 percentage points from the previous candle — from 94.4% to 90.9%.
What state was COPPER in on the previous 1H candle?
The previous 1H candle had COPPER at 94.4%, Bull Extreme — this candle kept the same state, no zone change.
Where does COPPER energy sit within the Bull Extreme zone?
At 90.9%, COPPER is 9.05 points from the upper boundary of Bull Extreme (100%) and 16.45 points from the lower boundary (74.5%) — so energy sits closer to the upper boundary at candle close.
What does Bull Extreme mean?
Bull Extreme 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 Extreme 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 82.3%; GER40 (European equities) in Bull Extreme with energy 75.8%. Against this backdrop, COPPER (Bull Extreme, 90.9%) sits in the same state zone as 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 Bias with Market Energy -45.2%. COPPER (Bull Extreme) and DXY currently sit on opposite sides.
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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