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| Price | ▲ 0.27% | ▲ 0.44% | ▲ 0.58% | ▼ 0.04% |
| Energy | ▼ 0.0 | ▲ 22.0 | ▲ 3.6 | ▼ 6.8 |
Trend of Bull Extreme USOIL 1H
▸When USOIL is in Bull Extreme:
- then USOIL moved to higher Market State: 0 times — 0%
- then USOIL moved to lower Market State: 2,577 times — 100%
▸Current USOIL market energy: 82.6%
- Distance to peak 100%: 17.4%
- Distance to lower bound of Bull Extreme (at 74.5%): 8.1%
"Does history really repeat itself?" — 2AITRADING
As the 1H candle closes, USOIL within the Extreme state of Bull.
Per the 2AI model, Market Energy moved from 89.4% to 82.6%, down -6.8% from the previous candle.
Time in Bull Extreme energy zone: 3 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, USOIL Market Energy ranged from -62.5 to +98.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did USOIL price and energy show when this 1H candle closed?
When the 1H candle at 21:00 on 12-07-2023 closed, USOIL was at 75.84, down 0.04% from the previous candle (75.874). Market Energy was 82.6%, down 6.8 points from 89.4%, in the Bull Extreme state — controlled by buyers. The Bull Extreme zone spans 74.5% to 100%.
How much did USOIL price move on this 1H candle, and how large is that historically?
USOIL closed at 75.84, down 0.04% from the previous 1H candle (75.874). This drop is larger than 12% of past drops on the 1H timeframe for USOIL, across 26,802 candles since 2019.
How did USOIL Market Energy change from the previous candle?
Market Energy fell 6.8 percentage points from the previous candle — from 89.4% to 82.6%. This drop is larger than 45% of past drops on the 1H timeframe for USOIL.
Do USOIL price and energy agree?
Yes. On this candle price fell and energy fell — both moved the same way. This describes a closed candle, not a forecast of where price goes next.
What state was USOIL in on the previous 1H candle?
The previous 1H candle had USOIL at 89.4%, Bull Extreme — this candle kept the same state, no zone change.
Where does USOIL energy sit within the Bull Extreme zone?
At 82.6%, USOIL is 17.4 points from the upper boundary of Bull Extreme (100%) and 8.1 points from the lower boundary (74.5%) — so energy sits closer to the lower boundary at candle close.
What does Bull Extreme mean?
Bull 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 Bull 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 99.2%; GER40 (European equities) in Bull Extreme with energy 93%. Against this backdrop, USOIL (Bull Extreme, 82.6%) sits in the same state zone as 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 Bear Extreme with Market Energy -99.7%. USOIL (Bull Extreme) and DXY currently sit on opposite sides.
See the real-time energy chart for USOIL.
Open Energy ChartSee the full 2AiTrading Model data for USOIL on the USOIL overview →
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