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| Price | ▼ 0.45% | ▲ 0.64% | ▲ 0.09% | ▲ 0.44% |
| Energy | ▼ 23.0 | ▲ 27.9 | ▲ 34.5 | ▲ 47.2 |
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: 2,794 times — 57.1%
▸Current USOIL market energy: 43.79%
- Distance to upper bound of Bull Bias (at 60%): 16.21%
- Distance to lower bound of Bull Bias (at 20.88%): 22.91%
"Why does archaeology matter?" — 2AITRADING
The Bull Bias zone determined for USOIL through the 1H candle data.
Per the 2AiTrading energy measurement system, Market Energy moved from -3.4% to 43.8%, up +47.2% from the previous candle.
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 -95.4 to +99.8.
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 19:00 on 08-08-2024 closed, USOIL was at 75.599, up 0.44% from the previous candle (75.269). Market Energy was 43.8%, up 47.2 points from -3.4%, 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 75.599, up 0.44% from the previous 1H candle (75.269). This rise is larger than 75% of past rises on the 1H timeframe for USOIL, across 33,180 candles since 2019.
How did USOIL Market Energy change from the previous candle?
Market Energy rose 47.2 percentage points from the previous candle — from -3.4% to 43.8%. This rise is larger than 90% 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 -3.4%, 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 43.8%, USOIL is 16.21 points from the upper boundary of Bull Bias (60%) and 22.91 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 Bull Extreme with energy 83.4%; GER40 (European equities) in Bull Bias with energy 52.3%. Against this backdrop, USOIL (Bull Bias, 43.8%) lower 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 Extreme with Market Energy 79.4%. 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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