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| Price | ▲ 1.10% | ▲ 3.24% | ▲ 0.06% | ▲ 0.25% |
| Energy | ▲ 6.5 | ▲ 63.1 | ▲ 1.9 | ▼ 6.9 |
Trend of Bull Bias SOYBEAN Weekly
▸When SOYBEAN is in Bull Bias:
- then SOYBEAN moved to higher Market State: 25 times — 36.8%
- then SOYBEAN moved to lower Market State: 43 times — 63.2%
▸Current SOYBEAN market energy: 45.18%
- Distance to upper bound of Bull Bias (at 60%): 14.82%
- Distance to lower bound of Bull Bias (at 20.88%): 24.3%
"If history reveals a pattern, remember — nothing is ever absolutely 100%" — 2AITRADING
With the Weekly candle just closed, SOYBEAN within the Bull Bias level.
Looking at the Market Energy reading, Market Energy at 45.2%, down -6.9% from 52.1% in the previous candle.
Time in Bull Bias energy zone: 3 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 13-05-2024 closed, SOYBEAN was at 1,218.4, up 0.25% from the previous candle (1,215.4). Market Energy was 45.2%, down 6.9 points from 52.1%, in the Bull Bias state — controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How much did SOYBEAN price move on this Weekly candle, and how large is that historically?
SOYBEAN closed at 1,218.4, up 0.25% from the previous Weekly candle (1,215.4). This rise is larger than 15% of past rises on the Weekly timeframe for SOYBEAN, across 280 candles since 2019.
How did SOYBEAN Market Energy change from the previous candle?
Market Energy fell 6.9 percentage points from the previous candle — from 52.1% to 45.2%. This drop is larger than 28% of past drops on the Weekly timeframe for SOYBEAN.
Do SOYBEAN price and energy agree?
No. Price moved up while energy moved down 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 Weekly candle?
The previous Weekly candle had SOYBEAN at 52.1%, Bull Bias — this candle kept the same state, no zone change.
Where does SOYBEAN energy sit within the Bull Bias zone?
At 45.2%, SOYBEAN is 14.82 points from the upper boundary of Bull Bias (60%) and 24.3 points from the lower boundary (20.88%) — so energy sits closer to the upper boundary at candle close.
What does Bull Bias mean?
Bull Bias is one of 7 Market States in 2AiTrading's Market Energy model, applied consistently across every asset class, market and timeframe.
See the full Bull Bias 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 Neutral with energy -1.4%; GER40 (European equities) in Bull Bias with energy 43.9%. Against this backdrop, SOYBEAN (Bull Bias, 45.2%) 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 32.5%. SOYBEAN (Bull Bias) and DXY currently sit on the same Bull side.
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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