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| Price | ▼ 5.95% | ▲ 1.25% | ▼ 0.65% | ▲ 1.91% |
| Energy | ▼ 82.9 | ▼ 8.2 | ▲ 3.2 | ▲ 15.8 |
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: -47.3%
- Distance to upper bound of Bear Bias (at -20.88%): 26.42%
- Distance to lower bound of Bear Bias (at -60%): 12.7%
"History always repeats itself, one way or another" — 2AITRADING
As the Weekly candle completes, COPPER in the energy zone tilted toward Bear.
On the 2AiTrading energy system, Market trend energy recorded a +15.8% rise from the previous candle, from -63.1% to -47.3%.
Time in Bear Bias energy zone: 1 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 02-12-2024 closed, COPPER was at 4.2081, up 1.91% from the previous candle (4.1291). Market Energy was -47.3%, up 15.8 points from -63.1%, 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 4.2081, up 1.91% from the previous Weekly candle (4.1291). This rise is larger than 55% of past rises on the Weekly timeframe for COPPER, across 344 candles since 2019.
How did COPPER Market Energy change from the previous candle?
Market Energy rose 15.8 percentage points from the previous candle — from -63.1% to -47.3%. This rise is larger than 66% 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 -63.1%, Bear Critical — when this candle closed, COPPER moved up to a higher zone: Bear Critical → Bear Bias.
Where does COPPER energy sit within the Bear Bias zone?
At -47.3%, COPPER is 26.42 points from the upper boundary of Bear Bias (-20.88%) and 12.7 points from the lower boundary (-60%) — so energy sits closer to the lower 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 Bull Bias with energy 49.2%; GER40 (European equities) in Neutral with energy 6.3%. Against this backdrop, COPPER (Bear Bias, -47.3%) 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 54.7%. COPPER (Bear Bias) and DXY currently sit on opposite sides.
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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