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| Price | ▲ 2.79% | ▼ 1.26% | ▼ 1.75% | ▲ 0.47% |
| Energy | ▲ 45.2 | ▼ 6.8 | ▼ 20.1 | ▲ 1.8 |
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: -5.46%
- Distance to upper bound of Neutral (at 20.88%): 26.34%
- Distance to lower bound of Neutral (at -20.88%): 15.42%
"A person's history reveals more than you might think" — 2AITRADING
Reading from the Weekly candle, COPPER reflects the Neutral energy zone.
On the measurement side, Market Energy reading rose +1.8%, moving from -7.2% to -5.5% after the Weekly candle.
Time in Neutral energy zone: 4 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 03-07-2023 closed, COPPER was at 3.7843, up 0.47% from the previous candle (3.7665). Market Energy was -5.5%, up 1.8 points from -7.2%, 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 3.7843, up 0.47% from the previous Weekly candle (3.7665). This rise is larger than 18% of past rises on the Weekly timeframe for COPPER, across 271 candles since 2019.
How did COPPER Market Energy change from the previous candle?
Market Energy rose 1.8 percentage points from the previous candle — from -7.2% to -5.5%. This rise is larger than 10% 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 -7.2%, Neutral — this candle kept the same state, no zone change.
Where does COPPER energy sit within the Neutral zone?
At -5.5%, COPPER is 26.34 points from the upper boundary of Neutral (20.88%) and 15.42 points from the lower boundary (-20.88%) — so energy sits closer to the lower 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 Neutral with energy -5.1%; GER40 (European equities) in Bull Critical with energy 70.4%. Against this backdrop, COPPER (Neutral, -5.5%) lower than GER40; sits in the same state zone as SPX500.
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 -69.3%. COPPER energy is currently above DXY by 63.9 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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