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| Price | ▼ 0.09% | ▼ 0.00% | ▲ 0.41% | ▼ 0.14% |
| Energy | ▼ 11.3 | ▼ 8.6 | ▲ 37.9 | ▲ 1.5 |
Trend of Bull Bias COPPER 1H
▸When COPPER is in Bull Bias:
- then COPPER moved to higher Market State: 1,363 times — 31.4%
- then COPPER moved to lower Market State: 2,972 times — 68.6%
▸Current COPPER market energy: 57.33%
- Distance to upper bound of Bull Bias (at 60%): 2.67%
- Distance to lower bound of Bull Bias (at 20.88%): 36.45%
"If history reveals a pattern, remember — nothing is ever absolutely 100%" — 2AITRADING
Reading from the 1H candle, COPPER within the Bull Bias energy state.
Market movement just recorded on the 1H timeframe, Market Energy moved from 55.9% to 57.3%, up +1.5% from the previous candle.
Time in Bull Bias energy zone: 2 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 -99.5 to +57.3.
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 10:00 on 11-10-2024 closed, COPPER was at 4.4733, down 0.14% from the previous candle (4.4795). Market Energy was 57.3%, up 1.5 points from 55.9%, in the Bull Bias state — controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How much did COPPER price move on this 1H candle, and how large is that historically?
COPPER closed at 4.4733, down 0.14% from the previous 1H candle (4.4795). This drop is larger than 52% of past drops on the 1H timeframe for COPPER, across 34,169 candles since 2019.
How did COPPER Market Energy change from the previous candle?
Market Energy rose 1.5 percentage points from the previous candle — from 55.9% to 57.3%. This rise is larger than 15% of past rises on the 1H timeframe for COPPER.
Do COPPER price and energy agree?
No. On this candle price fell but energy rose — the two moved in opposite directions. 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 55.9%, Bull Bias — this candle kept the same state, no zone change.
Where does COPPER energy sit within the Bull Bias zone?
At 57.3%, COPPER is 2.67 points from the upper boundary of Bull Bias (60%) and 36.45 points from the lower boundary (20.88%) — so energy sits closer to the upper boundary at candle close.
What does Bull Bias mean?
Bull 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 Bull 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 Neutral with energy 6.1%; GER40 (European equities) in Neutral with energy 5.9%. Against this backdrop, COPPER (Bull Bias, 57.3%) 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 Neutral with Market Energy 5.4%. COPPER energy is currently above DXY by 52 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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