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| Price | ▼ 0.03% | ▲ 0.14% | ▼ 0.01% | ▲ 0.27% |
| Energy | ▼ 11.5 | ▲ 7.8 | ▼ 5.9 | ▲ 12.2 |
Trend of Bull Bias USOIL 1H
▸When USOIL is in Bull Bias:
- then USOIL moved to higher Market State: 2,098 times — 42.9%
- then USOIL moved to lower Market State: 2,795 times — 57.1%
▸Current USOIL market energy: 23.26%
- Distance to upper bound of Bull Bias (at 60%): 36.74%
- Distance to lower bound of Bull Bias (at 20.88%): 2.38%
"Let data guide you, but never trust it completely" — 2AITRADING
As the 1H candle closes, USOIL in the Bull Bias zone.
Market movement just recorded on the 1H timeframe, Market trend energy recorded a +12.2% rise from the previous candle, from 11.1% to 23.3%.
Time in Bull Bias 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 -97.6 to +90.7.
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 19-03-2024 closed, USOIL was at 82.862, up 0.27% from the previous candle (82.637). Market Energy was 23.3%, up 12.2 points from 11.1%, in the Bull Bias state — controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How much did USOIL price move on this 1H candle, and how large is that historically?
USOIL closed at 82.862, up 0.27% from the previous 1H candle (82.637). This rise is larger than 58% of past rises on the 1H timeframe for USOIL, across 30,863 candles since 2019.
How did USOIL Market Energy change from the previous candle?
Market Energy rose 12.2 percentage points from the previous candle — from 11.1% to 23.3%. This rise is larger than 61% of past rises on the 1H timeframe for USOIL.
Do USOIL price and energy agree?
Yes. On this candle price rose and energy rose — both moved the same way. This describes the candle that just closed; it does not say where price goes next.
What state was USOIL in on the previous 1H candle?
The previous 1H candle had USOIL at 11.1%, Neutral — when this candle closed, USOIL moved up to a higher zone: Neutral → Bull Bias.
Where does USOIL energy sit within the Bull Bias zone?
At 23.3%, USOIL is 36.74 points from the upper boundary of Bull Bias (60%) and 2.38 points from the lower boundary (20.88%) — so energy sits closer to the lower 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 -20.1%; GER40 (European equities) in Bull Critical with energy 62.3%. Against this backdrop, USOIL (Bull Bias, 23.3%) has higher energy than SPX500; lower than 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 56.3%. USOIL (Bull Bias) and DXY currently sit on the same Bull side.
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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