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COPPER is currently controlled by buyers, in the Bull Bias zone. Measured energy: +51.1%.
See the full 2AiTrading Model data for COPPER on the COPPER overview →
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UP–DOWN statistics for Bull Bias COPPER Weekly
▸When COPPER is in Bull Bias:
- then COPPER moved to higher Market State: 26 times — 46.4%
- then COPPER moved to lower Market State: 30 times — 53.6%
▸Current COPPER market energy: 51.08%
- Distance to upper bound of Bull Bias (at 60%): 8.92%
- Distance to lower bound of Bull Bias (at 20.88%): 30.2%
"History always repeats itself, one way or another" — 2AITRADING
After the Weekly session ends, COPPER in the Bull Bias zone.
Market trend on the 2AiTrading energy system Market Energy rose +0.3% from the previous candle, from 50.8% to 51.1%.
Time in Bull Bias energy zone: 5 Weekly 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.
Not enough data in the past 5 days to show a range.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What state was COPPER on Weekly when this candle closed?
When the Weekly candle at 07:00 on 19-10-2020 closed, COPPER was in Bull Bias with Market Energy 51.1%, controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How did COPPER Market Energy change from the previous candle?
Market Energy rose 0.3 percentage points from the previous candle — from 50.8% to 51.1%.
What state was COPPER in on the previous Weekly candle?
The previous Weekly candle had COPPER at 50.8%, Bull Bias — this candle kept the same state, no zone change.
Where does COPPER energy sit within the Bull Bias zone?
At 51.1%, COPPER is 8.92 points from the upper boundary of Bull Bias (60%) and 30.2 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 Bear Critical with energy -71.8%; GER40 (European equities) in Bull Critical with energy 66.5%. Against this backdrop, COPPER (Bull Bias, 51.1%) 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 Bear Bias with Market Energy -25.1%. COPPER (Bull Bias) and DXY currently sit on opposite sides.
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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