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| Price | ▼ 3.84% | ▲ 3.62% | ▲ 1.42% | ▼ 0.49% |
| Energy | ▼ 87.6 | ▲ 20.1 | ▲ 25.6 | ▲ 3.9 |
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: -13.04%
- Distance to upper bound of Neutral (at 20.88%): 33.92%
- Distance to lower bound of Neutral (at -20.88%): 7.84%
"To truly understand anything, study its history" — 2AITRADING
Balanced energy is the result just recorded for COPPER after the Weekly candle closed.
Market energy movement Market Energy rose +3.9% this candle, currently -13% (previous candle -16.9%).
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 26-02-2024 closed, COPPER was at 3.8649, down 0.49% from the previous candle (3.8838). Market Energy was -13%, up 3.9 points from -16.9%, 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 3.8649, down 0.49% from the previous Weekly candle (3.8838). This drop is larger than 15% of past drops on the Weekly timeframe for COPPER, across 305 candles since 2019.
How did COPPER Market Energy change from the previous candle?
Market Energy rose 3.9 percentage points from the previous candle — from -16.9% to -13%. This rise is larger than 19% of past rises on the Weekly timeframe for COPPER.
Do COPPER price and energy agree?
No. This candle recorded a price decline with energy moving the other way. This describes a closed candle, not a forecast of where price goes next.
What state was COPPER in on the previous Weekly candle?
The previous Weekly candle had COPPER at -16.9%, Neutral — this candle kept the same state, no zone change.
Where does COPPER energy sit within the Neutral zone?
At -13%, COPPER is 33.92 points from the upper boundary of Neutral (20.88%) and 7.84 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 Bear Bias with energy -46.5%; GER40 (European equities) in Bear Bias with energy -29.3%. Against this backdrop, COPPER (Neutral, -13%) 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 Neutral with Market Energy 15.5%. COPPER energy is currently below DXY by 28.6 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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