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| Price | ▼ 0.02% | ▲ 0.29% | ▼ 0.80% | ▼ 0.19% |
| Energy | ▼ 15.9 | ▼ 6.4 | ▼ 19.5 | ▼ 31.9 |
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: 16.58%
- Distance to upper bound of Neutral (at 20.88%): 4.3%
- Distance to lower bound of Neutral (at -20.88%): 37.46%
"Does history really repeat itself?" — 2AITRADING
SOYBEAN processing result: the zone between Bull and Bear energy after the Daily candle closed.
Market trend on the 2AiTrading energy system Market Energy dropped -31.9% from the previous session, from 48.5% to 16.6%.
Time in Neutral 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 +16.6 to +74.4.
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 19-03-2024 closed, SOYBEAN was at 1,191.2, down 0.19% from the previous candle (1,193.5). Market Energy was 16.6%, down 31.9 points from 48.5%, 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 1,191.2, down 0.19% from the previous Daily candle (1,193.5). This drop is larger than 12% of past drops on the Daily timeframe for SOYBEAN, across 1,306 candles since 2019.
How did SOYBEAN Market Energy change from the previous candle?
Market Energy fell 31.9 percentage points from the previous candle — from 48.5% to 16.6%. This drop is larger than 76% of past drops on the Daily timeframe for SOYBEAN.
Do SOYBEAN price and energy agree?
Yes. This candle recorded price moving down in the same direction as energy. 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 48.5%, Bull Bias — when this candle closed, SOYBEAN moved down to a lower zone: Bull Bias → Neutral.
Where does SOYBEAN energy sit within the Neutral zone?
At 16.6%, SOYBEAN is 4.3 points from the upper boundary of Neutral (20.88%) and 37.46 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 Bear Bias with energy -53.8%; GER40 (European equities) in Bear Bias with energy -50.6%. Against this backdrop, SOYBEAN (Neutral, 16.6%) 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 Bull Extreme with Market Energy 79.5%. SOYBEAN energy is currently below DXY by 62.9 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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