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| Price | ▼ 0.33% | ▼ 2.49% | ▲ 3.93% | ▼ 0.31% |
| Energy | ▲ 3.9 | ▼ 13.7 | ▲ 31.2 | ▲ 12.1 |
Trend of Neutral COPPER Weekly
▸When COPPER is in Neutral:
- then COPPER moved to higher Market State: 32 times — 48.5%
- then COPPER moved to lower Market State: 34 times — 51.5%
▸Current COPPER market energy: 11.41%
- Distance to upper bound of Neutral (at 20.88%): 9.47%
- Distance to lower bound of Neutral (at -20.88%): 32.29%
"History always repeats itself, one way or another" — 2AITRADING
Reading from the Weekly candle, COPPER classified as the Neutral level.
Market trend on the 2AiTrading energy system A +12.1% change from the previous candle, Market Energy is now 11.4% (previous: -0.7%).
Time in Neutral energy zone: 2 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 27-03-2023 closed, COPPER was at 4.0753, down 0.31% from the previous candle (4.088). Market Energy was 11.4%, up 12.1 points from -0.7%, in the Neutral state — the market is neutral. The Neutral zone spans -20.88% to 20.88%.
How much did COPPER price move on this Weekly candle, and how large is that historically?
COPPER closed at 4.0753, down 0.31% from the previous Weekly candle (4.088). This drop is larger than 8% of past drops on the Weekly timeframe for COPPER, across 257 candles since 2019.
How did COPPER Market Energy change from the previous candle?
Market Energy rose 12.1 percentage points from the previous candle — from -0.7% to 11.4%. This rise is larger than 56% of past rises on the Weekly timeframe for COPPER.
Do COPPER price and energy agree?
No. Price moved down while 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 -0.7%, Neutral — this candle kept the same state, no zone change.
Where does COPPER energy sit within the Neutral zone?
At 11.4%, COPPER is 9.47 points from the upper boundary of Neutral (20.88%) and 32.29 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 86.4%; GER40 (European equities) in Bull Extreme with energy 77.6%. Against this backdrop, COPPER (Neutral, 11.4%) lower 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 44.4%. COPPER energy is currently below DXY by 33 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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