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| Price | ▼ 0.81% | ▼ 3.03% | ▲ 3.81% | ▼ 0.30% |
| Energy | ▼ 13.9 | ▼ 89.7 | ▲ 26.0 | ▲ 10.4 |
Trend of Neutral SOYBEAN Weekly
▸When SOYBEAN is in Neutral:
- then SOYBEAN moved to higher Market State: 33 times — 50.8%
- then SOYBEAN moved to lower Market State: 32 times — 49.2%
▸Current SOYBEAN market energy: 8.77%
- Distance to upper bound of Neutral (at 20.88%): 12.11%
- Distance to lower bound of Neutral (at -20.88%): 29.65%
"Does history really repeat itself?" — 2AITRADING
Reading from the Weekly candle, SOYBEAN within the Neutral state.
On the energy side, Market Energy rose +10.4% from the previous candle, from -1.7% to 8.8%.
Time in Neutral energy zone: 2 Weekly 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.
Not enough data in the past 5 days to show a range.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did SOYBEAN price and energy show when this Weekly candle closed?
When the Weekly candle at 07:00 on 17-08-2020 closed, SOYBEAN was at 900.8, down 0.3% from the previous candle (903.5). Market Energy was 8.8%, up 10.4 points from -1.7%, 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 Weekly candle, and how large is that historically?
SOYBEAN closed at 900.8, down 0.3% from the previous Weekly candle (903.5). This drop is larger than 14% of past drops on the Weekly timeframe for SOYBEAN, across 85 candles since 2019.
How did SOYBEAN Market Energy change from the previous candle?
Market Energy rose 10.4 percentage points from the previous candle — from -1.7% to 8.8%. This rise is larger than 34% of past rises on the Weekly timeframe for SOYBEAN.
Do SOYBEAN price and energy agree?
No. This candle recorded a price decline with energy moving the other way. This describes a closed candle, not a forecast of where price goes next.
What state was SOYBEAN in on the previous Weekly candle?
The previous Weekly candle had SOYBEAN at -1.7%, Neutral — this candle kept the same state, no zone change.
Where does SOYBEAN energy sit within the Neutral zone?
At 8.8%, SOYBEAN is 12.11 points from the upper boundary of Neutral (20.88%) and 29.65 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 23.6%; GER40 (European equities) in Bear Bias with energy -29.1%. Against this backdrop, SOYBEAN (Neutral, 8.8%) has higher energy than GER40; lower than SPX500.
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 Bias with Market Energy -52.5%. SOYBEAN energy is currently above DXY by 61.3 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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