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| Price | ▲ 0.68% | ▲ 3.14% | ▲ 1.36% | ▼ 0.46% |
| Energy | ▲ 6.3 | ▲ 54.0 | ▲ 60.3 | ▼ 10.3 |
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: 18.91%
- Distance to upper bound of Neutral (at 20.88%): 1.97%
- Distance to lower bound of Neutral (at -20.88%): 39.79%
"Let data guide you, but never trust it completely" — 2AITRADING
As the Weekly session concludes, SOYBEAN classified as the neutral energy state.
Market movement after the Weekly candle closes, Market Energy reading dropped -10.3%, moving from 29.2% to 18.9% after the Weekly candle.
Time in Neutral energy zone: 1 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 18-03-2024 closed, SOYBEAN was at 1,197.6, down 0.46% from the previous candle (1,203.1). Market Energy was 18.9%, down 10.3 points from 29.2%, 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 1,197.6, down 0.46% from the previous Weekly candle (1,203.1). This drop is larger than 22% of past drops on the Weekly timeframe for SOYBEAN, across 272 candles since 2019.
How did SOYBEAN Market Energy change from the previous candle?
Market Energy fell 10.3 percentage points from the previous candle — from 29.2% to 18.9%. This drop is larger than 42% of past drops on the Weekly timeframe for SOYBEAN.
Do SOYBEAN price and energy agree?
Yes. Both price and energy moved down on this candle. 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 29.2%, 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 18.9%, SOYBEAN is 1.97 points from the upper boundary of Neutral (20.88%) and 39.79 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 Critical with energy -64.2%; GER40 (European equities) in Neutral with energy -12.9%. Against this backdrop, SOYBEAN (Neutral, 18.9%) has higher energy 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 Bias with Market Energy 54.1%. SOYBEAN energy is currently below DXY by 35.2 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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