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| Price | ▼ 0.16% | ▲ 0.20% | ▼ 0.09% | ▼ 0.10% |
| Energy | ▼ 4.6 | ▲ 7.3 | ▲ 1.4 | ▼ 4.2 |
Trend of Neutral USOIL 1H
▸When USOIL is in Neutral:
- then USOIL moved to higher Market State: 2,422 times — 51.8%
- then USOIL moved to lower Market State: 2,255 times — 48.2%
▸Current USOIL market energy: 7.01%
- Distance to upper bound of Neutral (at 20.88%): 13.87%
- Distance to lower bound of Neutral (at -20.88%): 27.89%
"History always repeats itself, one way or another" — 2AITRADING
Observing the completed 1H candle, Market Energy of USOIL indicates the balanced Market Energy state.
End-of-session energy readings on 1H, Energy delta -4.2%: Market Energy at 7%, previously 11.2%.
Time in Neutral energy zone: 6 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 -99.7 to +96.1.
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 03:00 on 23-07-2024 closed, USOIL was at 78.217, down 0.1% from the previous candle (78.298). Market Energy was 7%, down 4.2 points from 11.2%, 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 78.217, down 0.1% from the previous 1H candle (78.298). This drop is larger than 29% of past drops on the 1H timeframe for USOIL, across 32,889 candles since 2019.
How did USOIL Market Energy change from the previous candle?
Market Energy fell 4.2 percentage points from the previous candle — from 11.2% to 7%. This drop is larger than 34% 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 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 11.2%, Neutral — this candle kept the same state, no zone change.
Where does USOIL energy sit within the Neutral zone?
At 7%, USOIL is 13.87 points from the upper boundary of Neutral (20.88%) and 27.89 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 50.9%; GER40 (European equities) in Bull Extreme with energy 84.2%. Against this backdrop, USOIL (Neutral, 7%) 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 -3.5%. USOIL energy is currently above DXY by 10.5 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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