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| Price | ▼ 0.20% | ▼ 0.10% | ▲ 0.01% | ▲ 0.11% |
| Energy | ▼ 24.5 | ▼ 16.3 | ▼ 2.7 | ▲ 18.5 |
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: -32%
- Distance to upper bound of Bear Bias (at -20.88%): 11.12%
- Distance to lower bound of Bear Bias (at -60%): 28%
"Let data guide you, but never trust it completely" — 2AITRADING
Following the completion of the 1H candle, COPPER in the Market Energy state leaning Bear.
Per the 2AI model, Market Energy at -32%, up +18.5% from -50.5% in the previous candle.
Time in Bear Bias 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 -92.7 to +28.7.
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 18:00 on 06-02-2024 closed, COPPER was at 3.7986, up 0.11% from the previous candle (3.7945). Market Energy was -32%, up 18.5 points from -50.5%, 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 3.7986, up 0.11% from the previous 1H candle (3.7945). This rise is larger than 42% of past rises on the 1H timeframe for COPPER, across 30,122 candles since 2019.
How did COPPER Market Energy change from the previous candle?
Market Energy rose 18.5 percentage points from the previous candle — from -50.5% to -32%. This rise is larger than 75% of past rises on the 1H timeframe for COPPER.
Do COPPER price and energy agree?
Yes. Both price and energy moved up on this candle. This describes the candle that just closed; it does not say where price goes next.
What state was COPPER in on the previous 1H candle?
The previous 1H candle had COPPER at -50.5%, Bear Bias — this candle kept the same state, no zone change.
Where does COPPER energy sit within the Bear Bias zone?
At -32%, COPPER is 11.12 points from the upper boundary of Bear Bias (-20.88%) and 28 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 Bear Bias with energy -58.6%; GER40 (European equities) in Bear Critical with energy -73.7%. Against this backdrop, COPPER (Bear Bias, -32%) has higher energy than GER40; sits in the same state zone as SPX500.
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 85.4%. 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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