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SOYBEAN is currently controlled by buyers, in the Bull Bias zone. Measured energy: +50.5%.
See the full 2AiTrading Model data for SOYBEAN on the SOYBEAN overview →
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UP–DOWN statistics for Bull Bias SOYBEAN Daily
▸When SOYBEAN is in Bull Bias:
- then SOYBEAN moved to higher Market State: 139 times — 43.7%
- then SOYBEAN moved to lower Market State: 179 times — 56.3%
▸Current SOYBEAN market energy: 50.48%
- Distance to upper bound of Bull Bias (at 60%): 9.52%
- Distance to lower bound of Bull Bias (at 20.88%): 29.6%
"Does history really repeat itself?" — 2AITRADING
Reading from the Daily candle, SOYBEAN currently in Bull Bias.
On the measurement side, Market Energy at 50.5%, down -3.3% from 53.8% in the previous candle.
Time in Bull Bias 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 -79.3 to +53.8.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What state was SOYBEAN on Daily when this candle closed?
When the Daily candle at 07:00 on 06-12-2021 closed, SOYBEAN was in Bull Bias with Market Energy 50.5%, controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How did SOYBEAN Market Energy change from the previous candle?
Market Energy fell 3.3 percentage points from the previous candle — from 53.8% to 50.5%.
What state was SOYBEAN in on the previous Daily candle?
The previous Daily candle had SOYBEAN at 53.8%, Bull Bias — this candle kept the same state, no zone change.
Where does SOYBEAN energy sit within the Bull Bias zone?
At 50.5%, SOYBEAN is 9.52 points from the upper boundary of Bull Bias (60%) and 29.6 points from the lower boundary (20.88%) — so energy sits closer to the upper 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 5.6%; GER40 (European equities) in Bear Critical with energy -70.7%. Against this backdrop, SOYBEAN (Bull Bias, 50.5%) 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 Neutral with Market Energy -6.2%. SOYBEAN energy is currently above DXY by 56.7 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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