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COPPER is currently controlled by sellers, in the Bear Bias zone. Measured energy: -43.3%.
See the full 2AiTrading Model data for COPPER on the COPPER overview →
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UP–DOWN statistics for Bear Bias COPPER 1H
▸When COPPER is in Bear Bias:
- then COPPER moved to higher Market State: 3,079 times — 70.2%
- then COPPER moved to lower Market State: 1,308 times — 29.8%
▸Current COPPER market energy: -43.31%
- Distance to upper bound of Bear Bias (at -20.88%): 22.43%
- Distance to lower bound of Bear Bias (at -60%): 16.69%
"Does history really repeat itself?" — 2AITRADING
With the 1H candle just closed, COPPER recorded in Bear Bias of Market Energy.
Looking at the Market Energy reading, Market trend energy recorded a -62% drop from the previous candle, from 18.7% to -43.3%.
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 -66.7 to +81.4.
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 16:00 on 23-12-2021 closed, COPPER was in Bear Bias with Market Energy -43.3%, controlled by sellers. The Bear Bias zone spans -60% to -20.88%.
How did COPPER Market Energy change from the previous candle?
Market Energy fell 62 percentage points from the previous candle — from 18.7% to -43.3%.
What state was COPPER in on the previous 1H candle?
The previous 1H candle had COPPER at 18.7%, 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 -43.3%, COPPER is 22.43 points from the upper boundary of Bear Bias (-20.88%) and 16.69 points from the lower boundary (-60%) — so energy sits closer to the lower 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 66.6%; GER40 (European equities) in Bull Critical with energy 63%. Against this backdrop, COPPER (Bear Bias, -43.3%) 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 Neutral with Market Energy 10%. COPPER energy is currently below DXY by 53.3 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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