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| Price | ▲ 1.32% | ▲ 1.18% | ▼ 0.50% | ▲ 2.25% |
| Energy | ▲ 17.2 | ▲ 29.9 | ▲ 3.6 | ▲ 21.5 |
Trend of Bull Bias COTTON Daily
▸When COTTON is in Bull Bias:
- then COTTON moved to higher Market State: 96 times — 34.3%
- then COTTON moved to lower Market State: 184 times — 65.7%
▸Current COTTON market energy: 54.02%
- Distance to upper bound of Bull Bias (at 60%): 5.98%
- Distance to lower bound of Bull Bias (at 20.88%): 33.14%
"To truly understand anything, study its history" — 2AITRADING
As the Daily candle completes, Market COTTON in Bull Bias.
Market trend update: Compared to the previous candle (32.5%), Market Energy rose +21.5% to 54%.
Time in Bull Bias energy zone: 3 Daily 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.
Over the past 5 days, COTTON Market Energy ranged from -1 to +54.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did COTTON price and energy show when this Daily candle closed?
When the Daily candle at 07:00 on 24-08-2020 closed, COTTON was at 0.672, up 2.25% from the previous candle (0.6572). Market Energy was 54%, up 21.5 points from 32.5%, in the Bull Bias state — controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How much did COTTON price move on this Daily candle, and how large is that historically?
COTTON closed at 0.672, up 2.25% from the previous Daily candle (0.6572). This rise is larger than 88% of past rises on the Daily timeframe for COTTON, across 413 candles since 2019.
How did COTTON Market Energy change from the previous candle?
Market Energy rose 21.5 percentage points from the previous candle — from 32.5% to 54%. This rise is larger than 80% of past rises on the Daily timeframe for COTTON.
Do COTTON price and energy agree?
Yes. On this candle price rose and energy rose — both moved the same way. This describes a closed candle, not a forecast of where price goes next.
What state was COTTON in on the previous Daily candle?
The previous Daily candle had COTTON at 32.5%, Bull Bias — this candle kept the same state, no zone change.
Where does COTTON energy sit within the Bull Bias zone?
At 54%, COTTON is 5.98 points from the upper boundary of Bull Bias (60%) and 33.14 points from the lower boundary (20.88%) — so energy sits closer to the upper boundary at candle close.
What does Bull Bias mean?
Bull 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 Bull 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 Critical with energy 74.3%; GER40 (European equities) in Neutral with energy 6.6%. Against this backdrop, COTTON (Bull Bias, 54%) has higher energy than GER40; lower than 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 Bull Bias with Market Energy 30.9%. COTTON (Bull Bias) and DXY currently sit on the same Bull side.
See the real-time energy chart for COTTON.
Open Energy ChartSee the full 2AiTrading Model data for COTTON on the COTTON overview →
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