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| Price | ▲ 0.01% | ▼ 0.06% | ▲ 0.08% | ▼ 0.08% |
| Energy | ▼ 6.7 | ▼ 16.6 | ▼ 24.3 | ▼ 22.9 |
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: 1.01%
- Distance to upper bound of Neutral (at 20.88%): 19.87%
- Distance to lower bound of Neutral (at -20.88%): 21.89%
"To truly understand anything, study its history" — 2AITRADING
COPPER processing result: the Neutral zone after the 1H candle closed.
Market energy movement Market Energy dropped -22.9% this candle, currently 1% (previous candle 24%).
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 -52.1 to +92.7.
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 16:00 on 21-02-2024 closed, COPPER was at 3.8781, down 0.08% from the previous candle (3.8813). Market Energy was 1%, down 22.9 points from 24%, 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 3.8781, down 0.08% from the previous 1H candle (3.8813). This drop is larger than 35% of past drops on the 1H timeframe for COPPER, across 30,371 candles since 2019.
How did COPPER Market Energy change from the previous candle?
Market Energy fell 22.9 percentage points from the previous candle — from 24% to 1%. This drop is larger than 81% of past drops on the 1H timeframe for COPPER.
Do COPPER price and energy agree?
Yes. On this candle price fell and energy fell — both moved the same way. 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 24%, 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 1%, COPPER is 19.87 points from the upper boundary of Neutral (20.88%) and 21.89 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 Bear Extreme with energy -86.2%; GER40 (European equities) in Bear Bias with energy -26.4%. Against this backdrop, COPPER (Neutral, 1%) has higher energy 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 75.5%. COPPER energy is currently below DXY by 74.5 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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