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| Price | ▼ 0.40% | ▼ 0.12% | ▲ 1.26% | ▼ 0.51% |
| Energy | ▼ 29.6 | ▼ 14.5 | ▲ 107.3 | ▼ 21.2 |
Trend of Bull Bias COPPER 1H
▸When COPPER is in Bull Bias:
- then COPPER moved to higher Market State: 1,363 times — 31.4%
- then COPPER moved to lower Market State: 2,971 times — 68.6%
▸Current COPPER market energy: 45.91%
- Distance to upper bound of Bull Bias (at 60%): 14.09%
- Distance to lower bound of Bull Bias (at 20.88%): 25.03%
"Past — present — future. The past and present are known. The future is yours" — 2AITRADING
COPPER recorded in the Bull Bias level as the 1H candle ended.
Meanwhile, Market Energy dropped -21.2% this candle, currently 45.9% (previous candle 67.2%).
Time in Bull 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 -83.2 to +91.5.
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 21:00 on 06-01-2023 closed, COPPER was at 3.8398, down 0.51% from the previous candle (3.8593). Market Energy was 45.9%, down 21.2 points from 67.2%, in the Bull Bias state — controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How much did COPPER price move on this 1H candle, and how large is that historically?
COPPER closed at 3.8398, down 0.51% from the previous 1H candle (3.8593). This drop is larger than 91% of past drops on the 1H timeframe for COPPER, across 23,728 candles since 2019.
How did COPPER Market Energy change from the previous candle?
Market Energy fell 21.2 percentage points from the previous candle — from 67.2% to 45.9%. This drop is larger than 79% 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 67.2%, Bull Critical — when this candle closed, COPPER moved down to a lower zone: Bull Critical → Bull Bias.
Where does COPPER energy sit within the Bull Bias zone?
At 45.9%, COPPER is 14.09 points from the upper boundary of Bull Bias (60%) and 25.03 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 Bull Critical with energy 70.7%; GER40 (European equities) in Bull Bias with energy 50.7%. Against this backdrop, COPPER (Bull Bias, 45.9%) lower than SPX500; sits in the same state zone as 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 Critical with Market Energy -72.9%. COPPER (Bull 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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