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| Price | ▼ 4.81% | ▼ 6.61% | ▲ 0.65% | ▼ 1.12% |
| Energy | ▼ 20.6 | ▼ 13.5 | ▲ 0.9 | ▲ 9.4 |
Trend of Bear Extreme SOYBEAN Weekly
▸When SOYBEAN is in Bear Extreme:
- then SOYBEAN moved to higher Market State: 34 times — 100%
- then SOYBEAN moved to lower Market State: 0 times — 0%
▸Current SOYBEAN market energy: -89.57%
- Distance to upper bound of Bear Extreme (at -74.5%): 15.07%
- Distance to bottom -100%: 10.43%
"Why does archaeology matter?" — 2AITRADING
After the Weekly candle closes, Result for SOYBEAN: Bear Extreme.
Looking at the Market Energy reading, Energy delta +9.4%: Market Energy at -89.6%, previously -98.9%.
Time in Bear Extreme energy zone: 4 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 29-05-2023 closed, SOYBEAN was at 1,247.4, down 1.12% from the previous candle (1,261.5). Market Energy was -89.6%, up 9.4 points from -98.9%, 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 Weekly candle, and how large is that historically?
SOYBEAN closed at 1,247.4, down 1.12% from the previous Weekly candle (1,261.5). This drop is larger than 38% of past drops on the Weekly timeframe for SOYBEAN, across 230 candles since 2019.
How did SOYBEAN Market Energy change from the previous candle?
Market Energy rose 9.4 percentage points from the previous candle — from -98.9% to -89.6%. 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 the candle that just closed; it does not say where price goes next.
What state was SOYBEAN in on the previous Weekly candle?
The previous Weekly candle had SOYBEAN at -98.9%, Bear Extreme — this candle kept the same state, no zone change.
Where does SOYBEAN energy sit within the Bear Extreme zone?
At -89.6%, SOYBEAN is 15.07 points from the upper boundary of Bear Extreme (-74.5%) and 10.43 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 75.1%; GER40 (European equities) in Bull Extreme with energy 78%. Against this backdrop, SOYBEAN (Bear Extreme, -89.6%) 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 Bull Critical with Market Energy 67%. SOYBEAN (Bear Extreme) 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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