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| Price | ▲ 0.91% | ▼ 0.05% | ▼ 0.42% | ▼ 0.44% |
| Energy | ▲ 16.2 | ▼ 4.2 | ▼ 14.1 | ▼ 60.1 |
Trend of Neutral USOIL 1H
▸When USOIL is in Neutral:
- then USOIL moved to higher Market State: 2,425 times — 51.8%
- then USOIL moved to lower Market State: 2,257 times — 48.2%
▸Current USOIL market energy: 18.59%
- Distance to upper bound of Neutral (at 20.88%): 2.29%
- Distance to lower bound of Neutral (at -20.88%): 39.47%
"History always repeats itself, one way or another" — 2AITRADING
Following the completion of the 1H candle, Result for USOIL: trend energy in a neutral state.
End-of-session energy readings on 1H, A -60.1% change from the previous candle, Market Energy is now 18.6% (previous: 78.7%).
Time in Neutral energy zone: 1 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 -99.5 to +100.
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 20:00 on 12-01-2024 closed, USOIL was at 74.214, down 0.44% from the previous candle (74.544). Market Energy was 18.6%, down 60.1 points from 78.7%, in the Neutral state — the market is neutral. The Neutral zone spans -20.88% to 20.88%.
How much did USOIL price move on this 1H candle, and how large is that historically?
USOIL closed at 74.214, down 0.44% from the previous 1H candle (74.544). This drop is larger than 74% of past drops on the 1H timeframe for USOIL, across 29,784 candles since 2019.
How did USOIL Market Energy change from the previous candle?
Market Energy fell 60.1 percentage points from the previous candle — from 78.7% to 18.6%. This drop is larger than 93% of past drops on the 1H timeframe for USOIL.
Do USOIL price and energy agree?
Yes. This candle recorded price moving down in the same direction as energy. 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 78.7%, Bull Extreme — when this candle closed, USOIL moved down to a lower zone: Bull Extreme → Neutral.
Where does USOIL energy sit within the Neutral zone?
At 18.6%, USOIL is 2.29 points from the upper boundary of Neutral (20.88%) and 39.47 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 38.4%; GER40 (European equities) in Bull Bias with energy 22.4%. Against this backdrop, USOIL (Neutral, 18.6%) 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 Neutral with Market Energy 12.4%. USOIL energy is currently above DXY by 6.2 points.
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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