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SOYBEAN is currently controlled by buyers, in the Bull Bias zone. Measured energy: +29.4%.
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: 29.36%
- Distance to upper bound of Bull Bias (at 60%): 30.64%
- Distance to lower bound of Bull Bias (at 20.88%): 8.48%
"Why does archaeology matter?" — 2AITRADING
Bull Bias of Market Energy recorded from just-completed Daily candle data for SOYBEAN.
The energy side shows Market Energy reading rose +6.2%, moving from 23.2% to 29.4% after the Daily candle.
Time in Bull Bias energy zone: 4 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 +23.2 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 08-12-2021 closed, SOYBEAN was in Bull Bias with Market Energy 29.4%, controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How did SOYBEAN Market Energy change from the previous candle?
Market Energy rose 6.2 percentage points from the previous candle — from 23.2% to 29.4%.
What state was SOYBEAN in on the previous Daily candle?
The previous Daily candle had SOYBEAN at 23.2%, Bull Bias — this candle kept the same state, no zone change.
Where does SOYBEAN energy sit within the Bull Bias zone?
At 29.4%, SOYBEAN is 30.64 points from the upper boundary of Bull Bias (60%) and 8.48 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 Extreme with energy 79.8%; GER40 (European equities) in Bull Extreme with energy 84%. Against this backdrop, SOYBEAN (Bull Bias, 29.4%) lower 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 4%. SOYBEAN energy is currently above DXY by 25.4 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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