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| Price | ▲ 1.77% | ▼ 1.49% | ▲ 5.47% | ▲ 8.76% |
| Energy | ▲ 21.5 | ▲ 3.0 | ▲ 34.8 | ▲ 71.9 |
Trend of Bull Extreme COPPER Weekly
▸When COPPER is in Bull Extreme:
- then COPPER moved to higher Market State: 0 times — 0%
- then COPPER moved to lower Market State: 24 times — 100%
▸Current COPPER market energy: 85.69%
- Distance to peak 100%: 14.31%
- Distance to lower bound of Bull Extreme (at 74.5%): 11.19%
"History always repeats itself, one way or another" — 2AITRADING
After the Weekly candle closes, Market COPPER in the Bull Extreme reading.
Market movement after the Weekly candle closes, Market Energy at 85.7%, up +71.9% from 13.7% in the previous candle.
Time in Bull Extreme energy zone: 1 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 did COPPER price and energy show when this Weekly candle closed?
When the Weekly candle at 07:00 on 07-11-2022 closed, COPPER was at 3.9245, up 8.76% from the previous candle (3.6083). Market Energy was 85.7%, up 71.9 points from 13.7%, in the Bull Extreme state — controlled by buyers. The Bull Extreme zone spans 74.5% to 100%.
How much did COPPER price move on this Weekly candle, and how large is that historically?
COPPER closed at 3.9245, up 8.76% from the previous Weekly candle (3.6083). This rise is larger than 98% of past rises on the Weekly timeframe for COPPER, across 237 candles since 2019.
How did COPPER Market Energy change from the previous candle?
Market Energy rose 71.9 percentage points from the previous candle — from 13.7% to 85.7%. This rise is larger than 98% of past rises on the Weekly timeframe for COPPER.
Do COPPER price and energy agree?
Yes. Both price and energy moved up on this candle. This describes the candle that just closed; it does not say where price goes next.
What state was COPPER in on the previous Weekly candle?
The previous Weekly candle had COPPER at 13.7%, Neutral — when this candle closed, COPPER moved up to a higher zone: Neutral → Bull Extreme.
Where does COPPER energy sit within the Bull Extreme zone?
At 85.7%, COPPER is 14.31 points from the upper boundary of Bull Extreme (100%) and 11.19 points from the lower boundary (74.5%) — so energy sits closer to the lower boundary at candle close.
What does Bull Extreme mean?
Bull Extreme 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 Extreme 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 31.7%; GER40 (European equities) in Bull Bias with energy 47.6%. Against this backdrop, COPPER (Bull Extreme, 85.7%) 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 Bear Critical with Market Energy -67.6%. COPPER (Bull Extreme) 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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