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| Price | ▲ 1.42% | ▼ 3.34% | ▲ 2.11% | ▼ 2.52% |
| Energy | ▲ 25.2 | ▼ 43.3 | ▲ 7.7 | ▼ 8.3 |
Trend of Bear Bias COPPER Weekly
▸When COPPER is in Bear Bias:
- then COPPER moved to higher Market State: 44 times — 72.1%
- then COPPER moved to lower Market State: 17 times — 27.9%
▸Current COPPER market energy: -32.92%
- Distance to upper bound of Bear Bias (at -20.88%): 12.04%
- Distance to lower bound of Bear Bias (at -60%): 27.08%
"If history reveals a pattern, remember — nothing is ever absolutely 100%" — 2AITRADING
Right as the Weekly candle closes, COPPER noted at the Bear Bias energy zone.
Market trend energy A -8.3% change from the previous candle, Market Energy is now -32.9% (previous: -24.6%).
Time in Bear Bias energy zone: 3 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 18-09-2023 closed, COPPER was at 3.7106, down 2.52% from the previous candle (3.8064). Market Energy was -32.9%, down 8.3 points from -24.6%, in the Bear Bias state — controlled by sellers. The Bear Bias zone spans -60% to -20.88%.
How much did COPPER price move on this Weekly candle, and how large is that historically?
COPPER closed at 3.7106, down 2.52% from the previous Weekly candle (3.8064). This drop is larger than 67% of past drops on the Weekly timeframe for COPPER, across 282 candles since 2019.
How did COPPER Market Energy change from the previous candle?
Market Energy fell 8.3 percentage points from the previous candle — from -24.6% to -32.9%. This drop is larger than 43% of past drops on the Weekly timeframe for COPPER.
Do COPPER price and energy agree?
Yes. Both price and energy moved down 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 -24.6%, Bear Bias — this candle kept the same state, no zone change.
Where does COPPER energy sit within the Bear Bias zone?
At -32.9%, COPPER is 12.04 points from the upper boundary of Bear Bias (-20.88%) and 27.08 points from the lower boundary (-60%) — so energy sits closer to the upper boundary at candle close.
What does Bear Bias mean?
Bear 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 Bear 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 -67.5%; GER40 (European equities) in Bear Bias with energy -45%. Against this backdrop, COPPER (Bear Bias, -32.9%) has higher energy than SPX500; sits in the same state zone as 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 Neutral with Market Energy -2.9%. COPPER energy is currently below DXY by 30.1 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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