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| Price | ▼ 0.84% | ▲ 2.23% | ▼ 1.48% | ▲ 1.26% |
| Energy | ▼ 12.1 | ▲ 24.8 | ▼ 17.2 | ▼ 6.5 |
Trend of Neutral SOYBEAN Daily
▸When SOYBEAN is in Neutral:
- then SOYBEAN moved to higher Market State: 152 times — 47.1%
- then SOYBEAN moved to lower Market State: 171 times — 52.9%
▸Current SOYBEAN market energy: 3.56%
- Distance to upper bound of Neutral (at 20.88%): 17.32%
- Distance to lower bound of Neutral (at -20.88%): 24.44%
"If history reveals a pattern, remember — nothing is ever absolutely 100%" — 2AITRADING
From the just-closed Daily candle data, SOYBEAN in the neutral Bull/Bear zone.
Market movement just recorded on the Daily timeframe, Market Energy dropped -6.5% this candle, currently 3.6% (previous candle 10%).
Time in Neutral energy zone: 2 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 +2.4 to +27.2.
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 08-06-2021 closed, SOYBEAN was at 1,580, up 1.26% from the previous candle (1,560.3). Market Energy was 3.6%, down 6.5 points from 10%, in the Neutral state — the market is neutral. The Neutral zone spans -20.88% to 20.88%.
How much did SOYBEAN price move on this Daily candle, and how large is that historically?
SOYBEAN closed at 1,580, up 1.26% from the previous Daily candle (1,560.3). This rise is larger than 77% of past rises on the Daily timeframe for SOYBEAN, across 609 candles since 2019.
How did SOYBEAN Market Energy change from the previous candle?
Market Energy fell 6.5 percentage points from the previous candle — from 10% to 3.6%. This drop is larger than 33% of past drops on the Daily timeframe for SOYBEAN.
Do SOYBEAN price and energy agree?
No. Price moved up while energy moved down 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 10%, Neutral — this candle kept the same state, no zone change.
Where does SOYBEAN energy sit within the Neutral zone?
At 3.6%, SOYBEAN is 17.32 points from the upper boundary of Neutral (20.88%) and 24.44 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 Bull Critical with energy 63.2%; GER40 (European equities) in Neutral with energy 18.6%. Against this backdrop, SOYBEAN (Neutral, 3.6%) 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 Bear Critical with Market Energy -61.7%. SOYBEAN energy is currently above DXY by 65.2 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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