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| Price | ▼ 0.03% | 0.00% | ▲ 0.03% | ▼ 0.14% |
| Energy | ▲ 2.2 | ▲ 0.3 | ▲ 1.0 | ▼ 2.1 |
Trend of Bear Bias COPPER 1H
▸When COPPER is in Bear Bias:
- then COPPER moved to higher Market State: 3,125 times — 70.2%
- then COPPER moved to lower Market State: 1,324 times — 29.8%
▸Current COPPER market energy: -21.83%
- Distance to upper bound of Bear Bias (at -20.88%): 0.95%
- Distance to lower bound of Bear Bias (at -60%): 38.17%
"Let data guide you, but never trust it completely" — 2AITRADING
COPPER classified into the Bear Bias zone after the 1H candle completed.
The energy side shows Market Energy reading dropped -2.1%, moving from -19.8% to -21.8% after the 1H candle.
Time in Bear Bias 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 -70.6 to +49.6.
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 05:00 on 03-11-2021 closed, COPPER was at 4.344, down 0.14% from the previous candle (4.3503). Market Energy was -21.8%, down 2.1 points from -19.8%, in the Bear Bias state — controlled by sellers. The Bear Bias zone spans -60% to -20.88%.
How much did COPPER price move on this 1H candle, and how large is that historically?
COPPER closed at 4.344, down 0.14% from the previous 1H candle (4.3503). This drop is larger than 55% of past drops on the 1H timeframe for COPPER, across 16,764 candles since 2019.
How did COPPER Market Energy change from the previous candle?
Market Energy fell 2.1 percentage points from the previous candle — from -19.8% to -21.8%. This drop is larger than 20% of past drops on the 1H timeframe for COPPER.
Do COPPER price and energy agree?
Yes. This candle recorded price moving down in the same direction as energy. 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 -19.8%, Neutral — when this candle closed, COPPER moved down to a lower zone: Neutral → Bear Bias.
Where does COPPER energy sit within the Bear Bias zone?
At -21.8%, COPPER is 0.95 points from the upper boundary of Bear Bias (-20.88%) and 38.17 points from the lower boundary (-60%) — so energy sits closer to the upper boundary at candle close.
What does Bear Bias mean?
Bear 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 Bear 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 Critical with energy 61.7%; GER40 (European equities) in Bull Extreme with energy 77.6%. Against this backdrop, COPPER (Bear Bias, -21.8%) 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 Bull Critical with Market Energy 69.1%. COPPER (Bear Bias) 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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