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| Price | ▲ 3.50% | ▲ 4.49% | ▲ 3.04% | ▼ 3.10% |
| Energy | ▲ 12.8 | ▲ 8.6 | ▼ 1.0 | ▼ 34.4 |
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: 59.16%
- Distance to upper bound of Bull Bias (at 60%): 0.84%
- Distance to lower bound of Bull Bias (at 20.88%): 38.28%
"History always repeats itself, one way or another" — 2AITRADING
After the Daily data updates, COTTON in the energy state tilted toward Bull.
Market energy movement Market Energy dropped -34.4% from the previous session, from 93.5% to 59.2%.
Time in Bull Bias energy zone: 1 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 +59.2 to +94.5.
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 17-08-2022 closed, COTTON was at 1.1217, down 3.1% from the previous candle (1.1576). Market Energy was 59.2%, down 34.4 points from 93.5%, 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 1.1217, down 3.1% from the previous Daily candle (1.1576). This drop is larger than 91% of past drops on the Daily timeframe for COTTON, across 913 candles since 2019.
How did COTTON Market Energy change from the previous candle?
Market Energy fell 34.4 percentage points from the previous candle — from 93.5% to 59.2%. This drop is larger than 92% of past drops on the Daily timeframe for COTTON.
Do COTTON price and energy agree?
Yes. Both price and energy moved down 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 93.5%, Bull Extreme — when this candle closed, COTTON moved down to a lower zone: Bull Extreme → Bull Bias.
Where does COTTON energy sit within the Bull Bias zone?
At 59.2%, COTTON is 0.84 points from the upper boundary of Bull Bias (60%) and 38.28 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 Bias with energy 32.9%; GER40 (European equities) in Bull Critical with energy 64.6%. Against this backdrop, COTTON (Bull Bias, 59.2%) lower than GER40; sits in the same state zone as 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 Bear Bias with Market Energy -58.4%. COTTON (Bull Bias) and DXY currently sit on opposite sides.
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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