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| Price | ▲ 0.55% | ▲ 1.23% | ▼ 0.19% | ▲ 3.39% |
| Energy | ▼ 3.7 | ▲ 12.0 | ▼ 1.7 | ▲ 26.4 |
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: 56.17%
- Distance to upper bound of Bull Bias (at 60%): 3.83%
- Distance to lower bound of Bull Bias (at 20.88%): 35.29%
"If history reveals a pattern, remember — nothing is ever absolutely 100%" — 2AITRADING
After the Daily candle closes, COTTON within the energy zone tilted toward Bull.
Meanwhile, Market Energy rose +26.4% this candle, currently 56.2% (previous candle 29.8%).
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 +19.5 to +56.2.
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 23-04-2021 closed, COTTON was at 0.87485, up 3.39% from the previous candle (0.8462). Market Energy was 56.2%, up 26.4 points from 29.8%, 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 0.87485, up 3.39% from the previous Daily candle (0.8462). This rise is larger than 98% of past rises on the Daily timeframe for COTTON, across 580 candles since 2019.
How did COTTON Market Energy change from the previous candle?
Market Energy rose 26.4 percentage points from the previous candle — from 29.8% to 56.2%. This rise is larger than 86% of past rises on the Daily timeframe for COTTON.
Do COTTON price and energy agree?
Yes. Both price and energy moved up on this candle. 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 29.8%, Bull Bias — this candle kept the same state, no zone change.
Where does COTTON energy sit within the Bull Bias zone?
At 56.2%, COTTON is 3.83 points from the upper boundary of Bull Bias (60%) and 35.29 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 Bear Extreme with energy -74.8%; GER40 (European equities) in Bear Bias with energy -60%. Against this backdrop, COTTON (Bull Bias, 56.2%) 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 Bull Bias with Market Energy 25.1%. 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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