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| Price | ▼ 0.12% | ▼ 0.10% | ▼ 0.09% | ▲ 0.27% |
| Energy | ▼ 5.2 | ▼ 4.2 | ▼ 0.3 | ▲ 66.8 |
Trend of Neutral SOYBEAN 1H
▸When SOYBEAN is in Neutral:
- then SOYBEAN moved to higher Market State: 805 times — 50.8%
- then SOYBEAN moved to lower Market State: 781 times — 49.2%
▸Current SOYBEAN market energy: 6.7%
- Distance to upper bound of Neutral (at 20.88%): 14.18%
- Distance to lower bound of Neutral (at -20.88%): 27.58%
"Does history really repeat itself?" — 2AITRADING
After the 1H candle closes, SOYBEAN in the balanced Market Energy state.
Market trend energy Market Energy rose +66.8% from the previous session, from -60.1% to 6.7%.
Time in Neutral energy zone: 1 1H 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 -99.3 to +98.7.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did SOYBEAN price and energy show when this 1H candle closed?
When the 1H candle at 20:00 on 06-11-2024 closed, SOYBEAN was at 988.1, up 0.27% from the previous candle (985.4). Market Energy was 6.7%, up 66.8 points from -60.1%, 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 1H candle, and how large is that historically?
SOYBEAN closed at 988.1, up 0.27% from the previous 1H candle (985.4). This rise is larger than 77% of past rises on the 1H timeframe for SOYBEAN, across 12,137 candles since 2019.
How did SOYBEAN Market Energy change from the previous candle?
Market Energy rose 66.8 percentage points from the previous candle — from -60.1% to 6.7%. This rise is larger than 94% of past rises on the 1H timeframe for SOYBEAN.
Do SOYBEAN price and energy agree?
Yes. Both price and energy moved up on this candle. This describes the candle that just closed; it does not say where price goes next.
What state was SOYBEAN in on the previous 1H candle?
The previous 1H candle had SOYBEAN at -60.1%, Bear Critical — when this candle closed, SOYBEAN moved up to a higher zone: Bear Critical → Neutral.
Where does SOYBEAN energy sit within the Neutral zone?
At 6.7%, SOYBEAN is 14.18 points from the upper boundary of Neutral (20.88%) and 27.58 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 Bull Bias with energy 54.6%; GER40 (European equities) in Neutral with energy -13.2%. Against this backdrop, SOYBEAN (Neutral, 6.7%) lower than SPX500; sits in the same state zone as 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 79.2%. SOYBEAN energy is currently below DXY by 72.5 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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