Analysis

COTTON 0.83438 ↓0.06%: Bulls have the edge · D Oct 23, 2026

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Candle open
Price and energy
Open 0.83477 · High 0.83787 · Low 0.82847 · Close 0.83438 · Range (high − low) 0.0094
COTTON closed at 0.83438, down 0.00054 (-0.06%) from 0.83492.
Bull–Bear energy behind the price: the market moved from the Bull Bias zone at 51.8% to Bull Bias at 34.1%, down 17.8 points.
Second straight down candle, price and energy are moving down together.
Price and energy · last 4 candles
Price0.835860.846220.834920.83438
Energy13.7%70.6%51.8%34.1%
Price change↑ 1.02%↑ 1.24%↓ 1.34%↓ 0.06%
Energy change↑ 20.7↑ 56.9↓ 18.8↓ 17.8
Volatility trend chart · last 4 sessions
↑ 1.02%↑ 1.24%↓ 1.34%↓ 0.06%↑ 20.7↑ 56.9↓ 18.8↓ 17.8
Δ priceΔ energy↑ up · ↓ down
Volatility · vs history since 2019
Price down 0.06% — higher than 4% of past drops
0%255075100%
Energy down 17.8 pts — higher than 71% of past drops
Knowledge

Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.

RESEARCH

Trend of Bull Bias COTTON Daily

Sample: 3,431 Daily candles from 2013-01-03 to 2026-10-23
Number of Bull Bias occurrences: 282 times

▸When COTTON is in Bull Bias:

  • then COTTON moved to higher Market State: 96 times — 34%
  • then COTTON moved to lower Market State: 186 times — 66%

▸Current COTTON market energy: 34.07%

  • Distance to upper bound of Bull Bias (at 60%): 25.93%
  • Distance to lower bound of Bull Bias (at 20.88%): 13.19%

"Let data guide you, but never trust it completely" — 2AITRADING

COTTON · D1 · 2026-10-23 00:00 UTC
Preview the last 30 candles — price and energy
View live COTTON chart →
Market Energy
51.8%
Bull Bias
34.1%
Bull Bias
Expected at
07:10
Zone
20.88 – 60
Bias
Buyers in control
Explanation

Right as the Daily candle closes, COTTON classified as the Bull Bias level.

On the measurement side, Market Energy moved from 51.8% to 34.1%, down -17.8% from the previous candle.

Time in Bull Bias energy zone: 2 Daily Candle

2AiTrading Market Energy Model

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.

Market context
Historical perspective

Over the past 5 days, COTTON Market Energy ranged from -7 to 70.6.

Frequently asked questions

What did COTTON price and energy show when this Daily candle closed?

When the Daily candle closed at 07:00 on 23-10-2026, COTTON was at 0.83438, down 0.06% from the previous candle (0.83492). Market Energy was 34.1%, down 17.8 points from 51.8%, 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 0.83438, down 0.06% from the previous Daily candle (0.83492). This drop is larger than 4% of past drops on the Daily timeframe for COTTON, across 1,965 candles since 2019.

How did COTTON Market Energy change from the previous candle?

Market Energy fell 17.8 percentage points from the previous candle — from 51.8% to 34.1%. This drop is larger than 71% 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 51.8%, Bull Bias — this candle kept the same state, no zone change.

Where does COTTON energy sit within the Bull Bias zone?

At 34.1%, COTTON is 25.93 points from the upper boundary of Bull Bias (60%) and 13.19 points from the lower boundary (20.88%) — so energy sits closer to the lower 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 Neutral with energy -1%; GER40 (European equities) in Bear Bias with energy -22.2%. Against this backdrop, COTTON (Bull Bias, 34.1%) 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 Bear Bias with Market Energy -55.4%. COTTON (Bull Bias) and DXY currently sit on opposite sides.

Real-time Energy Chart

See the real-time energy chart for COTTON.

Open Energy Chart
Related analysis
Methodology

Data computed by 2AiTrading's proprietary Market Energy model. Snapshot captured at candle close. See methodology →

See the full 2AiTrading Model data for COTTON on the COTTON overview →

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