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| Price | ▲ 0.82% | ▲ 0.81% | ▼ 2.76% | ▼ 1.93% |
| Energy | ▲ 31.3 | ▲ 44.7 | ▼ 65.1 | ▼ 74.2 |
Trend of Bear Extreme SOYBEAN Daily
▸When SOYBEAN is in Bear Extreme:
- then SOYBEAN moved to higher Market State: 180 times — 100%
- then SOYBEAN moved to lower Market State: 0 times — 0%
▸Current SOYBEAN market energy: -93.59%
- Distance to upper bound of Bear Extreme (at -74.5%): 19.09%
- Distance to bottom -100%: 6.41%
"History always repeats itself, one way or another" — 2AITRADING
After the Daily data updates, Market SOYBEAN in Bear energy at peak level.
Looking at the Market Energy reading, Market Energy dropped -74.2% this candle, currently -93.6% (previous candle -19.4%).
Time in Bear Extreme 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 -93.6 to +45.7.
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 09-07-2024 closed, SOYBEAN was at 1,079.7, down 1.93% from the previous candle (1,101). Market Energy was -93.6%, down 74.2 points from -19.4%, in the Bear Extreme state — controlled by sellers. The Bear Extreme zone spans -100% to -74.5%.
How much did SOYBEAN price move on this Daily candle, and how large is that historically?
SOYBEAN closed at 1,079.7, down 1.93% from the previous Daily candle (1,101). This drop is larger than 89% of past drops on the Daily timeframe for SOYBEAN, across 1,382 candles since 2019.
How did SOYBEAN Market Energy change from the previous candle?
Market Energy fell 74.2 percentage points from the previous candle — from -19.4% to -93.6%. This drop is larger than 95% 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 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 -19.4%, Neutral — when this candle closed, SOYBEAN moved down to a lower zone: Neutral → Bear Extreme.
Where does SOYBEAN energy sit within the Bear Extreme zone?
At -93.6%, SOYBEAN is 19.09 points from the upper boundary of Bear Extreme (-74.5%) and 6.41 points from the lower boundary (-100%) — so energy sits closer to the lower boundary at candle close.
What does Bear Extreme mean?
Bear Extreme is one of 7 Market States in 2AiTrading's Market Energy model, applied consistently across every asset class, market and timeframe.
See the full Bear Extreme 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 78.8%; GER40 (European equities) in Bear Bias with energy -50.3%. Against this backdrop, SOYBEAN (Bear Extreme, -93.6%) 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 -0.1%. SOYBEAN energy is currently below DXY by 93.4 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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