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Trend of Neutral COPPER 1H
▸When COPPER is in Neutral:
- then COPPER moved to higher Market State: 2,792 times — 49.2%
- then COPPER moved to lower Market State: 2,885 times — 50.8%
▸Current COPPER market energy: 13.7%
- Distance to upper bound of Neutral (at 20.88%): 7.18%
- Distance to lower bound of Neutral (at -20.88%): 34.58%
"Why does archaeology matter?" — 2AITRADING
Following the completion of the 1H candle, COPPER within the Neutral energy level.
Per the 2AiTrading energy measurement system, The energy level dropped -1.7%: from 15.4% now at 13.7%.
Time in Neutral energy zone: 7 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 -79.3 to +77.3.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What state was COPPER on 1H when this candle closed?
When the 1H candle at 06:00 on 12-04-2024 closed, COPPER was in Neutral with Market Energy 13.7%, the market is neutral. The Neutral zone spans -20.88% to 20.88%.
How did COPPER Market Energy change from the previous candle?
Market Energy fell 1.7 percentage points from the previous candle — from 15.4% to 13.7%.
What state was COPPER in on the previous 1H candle?
The previous 1H candle had COPPER at 15.4%, Neutral — this candle kept the same state, no zone change.
Where does COPPER energy sit within the Neutral zone?
At 13.7%, COPPER is 7.18 points from the upper boundary of Neutral (20.88%) and 34.58 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 78.6%; GER40 (European equities) in Neutral with energy -5.5%. Against this backdrop, COPPER (Neutral, 13.7%) 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 Neutral with Market Energy -6%. COPPER energy is currently above DXY by 19.7 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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