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| Price | ▲ 0.99% | ▼ 0.06% | ▼ 0.09% | ▼ 0.01% |
| Energy | ▲ 25.9 | ▲ 3.9 | ▼ 4.4 | ▼ 4.1 |
Trend of Bull Critical COPPER 1H
▸When COPPER is in Bull Critical:
- then COPPER moved to higher Market State: 501 times — 27.7%
- then COPPER moved to lower Market State: 1,307 times — 72.3%
▸Current COPPER market energy: 68.84%
- Distance to upper bound of Bull Critical (at 74.5%): 5.66%
- Distance to lower bound of Bull Critical (at 60%): 8.84%
"A person's history reveals more than you might think" — 2AITRADING
Measurement result after the 1H candle closes, COPPER shows the near-peak Bull energy state.
Looking at the Market Energy reading, Market Energy dropped -4.1% from the previous session, from 72.9% to 68.8%.
Time in Bull Critical 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 -79.2 to +97.
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 08-04-2024 closed, COPPER was at 4.292, down 0.01% from the previous candle (4.2923). Market Energy was 68.8%, down 4.1 points from 72.9%, in the Bull Critical state — controlled by buyers. The Bull Critical zone spans 60% to 74.5%.
How much did COPPER price move on this 1H candle, and how large is that historically?
COPPER closed at 4.292, down 0.01% from the previous 1H candle (4.2923). This drop is larger than 1% of past drops on the 1H timeframe for COPPER, across 31,110 candles since 2019.
How did COPPER Market Energy change from the previous candle?
Market Energy fell 4.1 percentage points from the previous candle — from 72.9% to 68.8%. This drop is larger than 32% 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 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 72.9%, Bull Critical — this candle kept the same state, no zone change.
Where does COPPER energy sit within the Bull Critical zone?
At 68.8%, COPPER is 5.66 points from the upper boundary of Bull Critical (74.5%) and 8.84 points from the lower boundary (60%) — so energy sits closer to the upper boundary at candle close.
What does Bull Critical mean?
Bull Critical 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 Critical 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 Bias with energy 50.3%; GER40 (European equities) in Bull Extreme with energy 80.2%. Against this backdrop, COPPER (Bull Critical, 68.8%) has higher energy than SPX500; lower than 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 14.5%. COPPER energy is currently above DXY by 54.3 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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