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| Price | ▲ 3.00% | ▲ 3.72% | ▲ 1.51% | ▼ 0.31% |
| Energy | ▲ 10.3 | ▲ 5.0 | ▲ 0.0 | ▼ 9.2 |
Trend of Bull Extreme COPPER Weekly
▸When COPPER is in Bull Extreme:
- then COPPER moved to higher Market State: 0 times — 0%
- then COPPER moved to lower Market State: 24 times — 100%
▸Current COPPER market energy: 88.05%
- Distance to peak 100%: 11.95%
- Distance to lower bound of Bull Extreme (at 74.5%): 13.55%
"Why does archaeology matter?" — 2AITRADING
With the Weekly candle just closed, COPPER noted at the Extreme state of Bull.
Market trend on the 2AiTrading energy system Market Energy at 88.1%, down -9.2% from 97.3% in the previous candle.
Time in Bull Extreme energy zone: 5 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 29-04-2024 closed, COPPER was at 4.5753, down 0.31% from the previous candle (4.5895). Market Energy was 88.1%, down 9.2 points from 97.3%, in the Bull Extreme state — controlled by buyers. The Bull Extreme zone spans 74.5% to 100%.
How much did COPPER price move on this Weekly candle, and how large is that historically?
COPPER closed at 4.5753, down 0.31% from the previous Weekly candle (4.5895). This drop is larger than 8% of past drops on the Weekly timeframe for COPPER, across 314 candles since 2019.
How did COPPER Market Energy change from the previous candle?
Market Energy fell 9.2 percentage points from the previous candle — from 97.3% to 88.1%. This drop is larger than 46% of past drops on the Weekly timeframe for COPPER.
Do COPPER price and energy agree?
Yes. On this candle price fell and energy fell — both moved the same way. 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 97.3%, Bull Extreme — this candle kept the same state, no zone change.
Where does COPPER energy sit within the Bull Extreme zone?
At 88.1%, COPPER is 11.95 points from the upper boundary of Bull Extreme (100%) and 13.55 points from the lower boundary (74.5%) — so energy sits closer to the upper boundary at candle close.
What does Bull Extreme mean?
Bull Extreme 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 Extreme 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 Critical with energy 60.5%; GER40 (European equities) in Bull Extreme with energy 78%. Against this backdrop, COPPER (Bull Extreme, 88.1%) 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 Bull Critical with Market Energy 61.3%. COPPER (Bull Extreme) 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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