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| Price | ▲ 0.02% | ▲ 0.15% | ▲ 0.02% | ▼ 0.26% |
| Energy | ▲ 0.2 | ▲ 4.0 | ▼ 2.2 | ▼ 39.7 |
Trend of Neutral COPPER 1H
▸When COPPER is in Neutral:
- then COPPER moved to higher Market State: 2,825 times — 49.2%
- then COPPER moved to lower Market State: 2,921 times — 50.8%
▸Current COPPER market energy: 16.02%
- Distance to upper bound of Neutral (at 20.88%): 4.86%
- Distance to lower bound of Neutral (at -20.88%): 36.9%
"Does history really repeat itself?" — 2AITRADING
With the 1H candle just closed, COPPER in balanced energy.
On the measurement side, The energy level dropped -39.7%: from 55.8% now at 16%.
Time in Neutral 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 -76.9 to +62.3.
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 14:00 on 30-05-2022 closed, COPPER was at 4.336, down 0.26% from the previous candle (4.3473). Market Energy was 16%, down 39.7 points from 55.8%, in the Neutral state — the market is neutral. The Neutral zone spans -20.88% to 20.88%.
How much did COPPER price move on this 1H candle, and how large is that historically?
COPPER closed at 4.336, down 0.26% from the previous 1H candle (4.3473). This drop is larger than 74% of past drops on the 1H timeframe for COPPER, across 20,120 candles since 2019.
How did COPPER Market Energy change from the previous candle?
Market Energy fell 39.7 percentage points from the previous candle — from 55.8% to 16%. This drop is larger than 94% 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 55.8%, Bull Bias — when this candle closed, COPPER moved down to a lower zone: Bull Bias → Neutral.
Where does COPPER energy sit within the Neutral zone?
At 16%, COPPER is 4.86 points from the upper boundary of Neutral (20.88%) and 36.9 points from the lower boundary (-20.88%) — so energy sits closer to the upper boundary at candle close.
What does Neutral mean?
Neutral is one of 7 Market States in 2AiTrading's Market Energy model, applied consistently across every asset class, market and timeframe.
See the full Neutral 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 88.2%; GER40 (European equities) in Bull Bias with energy 55.3%. Against this backdrop, COPPER (Neutral, 16%) 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 Extreme with Market Energy 76.1%. COPPER energy is currently below 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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