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| Price | ▼ 0.55% | ▼ 1.73% | ▲ 1.82% | ▲ 1.26% |
| Energy | ▼ 12.5 | ▼ 41.4 | ▲ 7.1 | ▲ 29.3 |
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: 47.17%
- Distance to upper bound of Bull Bias (at 60%): 12.83%
- Distance to lower bound of Bull Bias (at 20.88%): 26.29%
"Past — present — future. The past and present are known. The future is yours" — 2AITRADING
With the Daily candle just closed, SOYBEAN noted at the Bull Bias energy state.
On the measurement side, Market Energy moved from 17.9% to 47.2%, up +29.3% from the previous candle.
Time in Bull Bias energy zone: 1 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 +10.8 to +52.1.
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 11-07-2023 closed, SOYBEAN was at 1,360.9, up 1.26% from the previous candle (1,343.9). Market Energy was 47.2%, up 29.3 points from 17.9%, 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 1,360.9, up 1.26% from the previous Daily candle (1,343.9). This rise is larger than 72% of past rises on the Daily timeframe for SOYBEAN, across 1,132 candles since 2019.
How did SOYBEAN Market Energy change from the previous candle?
Market Energy rose 29.3 percentage points from the previous candle — from 17.9% to 47.2%. This rise is larger than 76% of past rises on the Daily timeframe for SOYBEAN.
Do SOYBEAN price and energy agree?
Yes. This candle recorded price moving up in the same direction as energy. This describes the candle that just closed; it does not say where price goes next.
What state was SOYBEAN in on the previous Daily candle?
The previous Daily candle had SOYBEAN at 17.9%, Neutral — when this candle closed, SOYBEAN moved up to a higher zone: Neutral → Bull Bias.
Where does SOYBEAN energy sit within the Bull Bias zone?
At 47.2%, SOYBEAN is 12.83 points from the upper boundary of Bull Bias (60%) and 26.29 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 Bull Critical with energy 73.6%; GER40 (European equities) in Bull Critical with energy 72.3%. Against this backdrop, SOYBEAN (Bull Bias, 47.2%) 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 Bear Extreme with Market Energy -96.9%. SOYBEAN (Bull Bias) and DXY currently sit on opposite sides.
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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