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| Price | ▲ 0.47% | ▼ 1.14% | ▲ 1.10% | ▲ 0.20% |
| Energy | ▼ 5.4 | ▼ 52.9 | ▲ 4.0 | ▲ 8.4 |
Trend of Bull Bias SOYBEAN Daily
▸When SOYBEAN is in Bull Bias:
- then SOYBEAN moved to higher Market State: 140 times — 43.5%
- then SOYBEAN moved to lower Market State: 182 times — 56.5%
▸Current SOYBEAN market energy: 35.3%
- Distance to upper bound of Bull Bias (at 60%): 24.7%
- Distance to lower bound of Bull Bias (at 20.88%): 14.42%
"Does history really repeat itself?" — 2AITRADING
After the Daily data updates, Result for SOYBEAN: energy leaning Bull.
Per the 2AiTrading energy measurement system, Market Energy rose +8.4% from the previous session, from 26.9% to 35.3%.
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, SOYBEAN Market Energy ranged from +22.9 to +75.8.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did SOYBEAN price and energy show when this Daily candle closed?
When the Daily candle at 07:00 on 24-09-2019 closed, SOYBEAN was at 894.3, up 0.2% from the previous candle (892.5). Market Energy was 35.3%, up 8.4 points from 26.9%, in the Bull Bias state — controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How much did SOYBEAN price move on this Daily candle, and how large is that historically?
SOYBEAN closed at 894.3, up 0.2% from the previous Daily candle (892.5). This rise is larger than 20% of past rises on the Daily timeframe for SOYBEAN, across 183 candles since 2019.
How did SOYBEAN Market Energy change from the previous candle?
Market Energy rose 8.4 percentage points from the previous candle — from 26.9% to 35.3%. This rise is larger than 43% of past rises on the Daily timeframe for SOYBEAN.
Do SOYBEAN 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 SOYBEAN in on the previous Daily candle?
The previous Daily candle had SOYBEAN at 26.9%, Bull Bias — this candle kept the same state, no zone change.
Where does SOYBEAN energy sit within the Bull Bias zone?
At 35.3%, SOYBEAN is 24.7 points from the upper boundary of Bull Bias (60%) and 14.42 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 Bull Critical with energy 60.1%; GER40 (European equities) in Bull Bias with energy 34.1%. Against this backdrop, SOYBEAN (Bull Bias, 35.3%) lower than SPX500; sits in the same state zone as 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 Neutral with Market Energy 10.2%. SOYBEAN energy is currently above DXY by 25.1 points.
See the real-time energy chart for SOYBEAN.
Open Energy ChartSee the full 2AiTrading Model data for SOYBEAN on the SOYBEAN overview →
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