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| Price | ▲ 0.60% | ▲ 0.45% | ▲ 0.73% | ▼ 1.08% |
| Energy | ▲ 33.8 | ▲ 56.8 | ▲ 50.3 | ▼ 37.1 |
Trend of Neutral COTTON 1H
▸When COTTON is in Neutral:
- then COTTON moved to higher Market State: 1,987 times — 49.7%
- then COTTON moved to lower Market State: 2,009 times — 50.3%
▸Current COTTON market energy: 14.17%
- Distance to upper bound of Neutral (at 20.88%): 6.71%
- Distance to lower bound of Neutral (at -20.88%): 35.05%
"History always repeats itself, one way or another" — 2AITRADING
Once measurement on the 1H timeframe completes, COTTON recorded in the Neutral state.
The energy side shows Market Energy dropped -37.1% this candle, currently 14.2% (previous candle 51.3%).
Time in Neutral energy zone: 1 1H 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 -97 to +58.9.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did COTTON price and energy show when this 1H candle closed?
When the 1H candle at 16:00 on 15-05-2024 closed, COTTON was at 0.74421, down 1.08% from the previous candle (0.75236). Market Energy was 14.2%, down 37.1 points from 51.3%, 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 1H candle, and how large is that historically?
COTTON closed at 0.74421, down 1.08% from the previous 1H candle (0.75236). This drop is larger than 97% of past drops on the 1H timeframe for COTTON, across 23,956 candles since 2019.
How did COTTON Market Energy change from the previous candle?
Market Energy fell 37.1 percentage points from the previous candle — from 51.3% to 14.2%. This drop is larger than 92% of past drops on the 1H 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 1H candle?
The previous 1H candle had COTTON at 51.3%, Bull Bias — when this candle closed, COTTON moved down to a lower zone: Bull Bias → Neutral.
Where does COTTON energy sit within the Neutral zone?
At 14.2%, COTTON is 6.71 points from the upper boundary of Neutral (20.88%) and 35.05 points from the lower boundary (-20.88%) — so energy sits closer to the upper 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 -16.5%; GER40 (European equities) in Bull Extreme with energy 83.8%. Against this backdrop, COTTON (Neutral, 14.2%) 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 Extreme with Market Energy -82.8%. COTTON energy is currently above DXY by 97 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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