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| Price | ▼ 0.24% | ▲ 0.59% | ▲ 1.68% | ▼ 1.84% |
| Energy | ▼ 37.3 | ▲ 0.7 | ▲ 20.2 | ▼ 12.4 |
Trend of Neutral COTTON Daily
▸When COTTON is in Neutral:
- then COTTON moved to higher Market State: 191 times — 48.5%
- then COTTON moved to lower Market State: 203 times — 51.5%
▸Current COTTON market energy: -6.91%
- Distance to upper bound of Neutral (at 20.88%): 27.79%
- Distance to lower bound of Neutral (at -20.88%): 13.97%
"History always repeats itself, one way or another" — 2AITRADING
COTTON recorded in balanced energy as the Daily candle ended.
Looking at the Market Energy reading, Market Energy moved from 5.5% to -6.9%, down -12.4% from the previous candle.
Time in Neutral energy zone: 4 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 -15.5 to +5.5.
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 02-08-2023 closed, COTTON was at 0.846, down 1.84% from the previous candle (0.8619). Market Energy was -6.9%, down 12.4 points from 5.5%, in the Neutral state — the market is neutral. The Neutral zone spans -20.88% to 20.88%.
How much did COTTON price move on this Daily candle, and how large is that historically?
COTTON closed at 0.846, down 1.84% from the previous Daily candle (0.8619). This drop is larger than 75% of past drops on the Daily timeframe for COTTON, across 1,153 candles since 2019.
How did COTTON Market Energy change from the previous candle?
Market Energy fell 12.4 percentage points from the previous candle — from 5.5% to -6.9%. This drop is larger than 56% 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 the candle that just closed; it does not say where price goes next.
What state was COTTON in on the previous Daily candle?
The previous Daily candle had COTTON at 5.5%, Neutral — this candle kept the same state, no zone change.
Where does COTTON energy sit within the Neutral zone?
At -6.9%, COTTON is 27.79 points from the upper boundary of Neutral (20.88%) and 13.97 points from the lower boundary (-20.88%) — so energy sits closer to the lower boundary at candle close.
What does Neutral mean?
Neutral is one of 7 Market States in 2AiTrading's Market Energy model, applied consistently across every asset class, market and timeframe.
See the full Neutral 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 Neutral with energy -18.7%; GER40 (European equities) in Bear Extreme with energy -85.5%. Against this backdrop, COTTON (Neutral, -6.9%) has higher energy 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 Neutral with Market Energy 10.9%. COTTON energy is currently below DXY by 17.8 points.
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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