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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: 10.05%
- Distance to upper bound of Neutral (at 20.88%): 10.83%
- Distance to lower bound of Neutral (at -20.88%): 30.93%
"Does history really repeat itself?" — 2AITRADING
Following the completion of the 1H candle, COPPER in the balanced Bull/Bear state.
End-of-session update for 1H, Market Energy rose +7% this candle, currently 10% (previous candle 3.1%).
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 -92.4 to +90.4.
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 07:00 on 26-04-2024 closed, COPPER was in Neutral with Market Energy 10%, 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 rose 7 percentage points from the previous candle — from 3.1% to 10%.
What state was COPPER in on the previous 1H candle?
The previous 1H candle had COPPER at 3.1%, Neutral — this candle kept the same state, no zone change.
Where does COPPER energy sit within the Neutral zone?
At 10%, COPPER is 10.83 points from the upper boundary of Neutral (20.88%) and 30.93 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 89.9%; GER40 (European equities) in Neutral with energy 6.3%. Against this backdrop, COPPER (Neutral, 10%) 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 -19.2%. COPPER energy is currently above DXY by 29.3 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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