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| Price | ▲ 5.85% | ▲ 1.61% | ▼ 0.81% | ▼ 4.38% |
| Energy | ▲ 32.3 | ▲ 0.2 | ▼ 6.9 | ▼ 42.3 |
Trend of Bull Bias COPPER Weekly
▸When COPPER is in Bull Bias:
- then COPPER moved to higher Market State: 26 times — 44.8%
- then COPPER moved to lower Market State: 32 times — 55.2%
▸Current COPPER market energy: 44.19%
- Distance to upper bound of Bull Bias (at 60%): 15.81%
- Distance to lower bound of Bull Bias (at 20.88%): 23.31%
"Why does archaeology matter?" — 2AITRADING
As the Weekly candle completes, COPPER classified as energy leaning Bull.
Meanwhile, Compared to the previous candle (86.5%), Market Energy dropped -42.3% to 44.2%.
Time in Bull Bias 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.
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What did COPPER price and energy show when this Weekly candle closed?
When the Weekly candle at 07:00 on 30-01-2023 closed, COPPER was at 4.0558, down 4.39% from the previous candle (4.2418). Market Energy was 44.2%, down 42.3 points from 86.5%, 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 Weekly candle, and how large is that historically?
COPPER closed at 4.0558, down 4.39% from the previous Weekly candle (4.2418). This drop is larger than 84% of past drops on the Weekly timeframe for COPPER, across 249 candles since 2019.
How did COPPER Market Energy change from the previous candle?
Market Energy fell 42.3 percentage points from the previous candle — from 86.5% to 44.2%. This drop is larger than 92% of past drops on the Weekly timeframe for COPPER.
Do COPPER price and energy agree?
Yes. This candle recorded price moving down in the same direction as energy. 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 86.5%, Bull Extreme — when this candle closed, COPPER moved down to a lower zone: Bull Extreme → Bull Bias.
Where does COPPER energy sit within the Bull Bias zone?
At 44.2%, COPPER is 15.81 points from the upper boundary of Bull Bias (60%) and 23.31 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 -3.1%; GER40 (European equities) in Bear Bias with energy -24.2%. Against this backdrop, COPPER (Bull Bias, 44.2%) 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 Bull Bias with Market Energy 22.9%. COPPER (Bull Bias) and DXY currently sit on the same Bull side.
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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