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| Price | ▲ 0.35% | ▲ 0.15% | ▼ 0.08% | ▼ 0.46% |
| Energy | ▲ 33.0 | ▲ 5.6 | ▼ 5.6 | ▼ 20.5 |
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: 55.37%
- Distance to upper bound of Bull Bias (at 60%): 4.63%
- Distance to lower bound of Bull Bias (at 20.88%): 34.49%
"History always repeats itself, one way or another" — 2AITRADING
USOIL classified into Bull Bias after the 1H candle completed.
The energy side shows The energy level dropped -20.5%: from 75.9% now at 55.4%.
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 -93.9 to +99.9.
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 00:00 on 16-08-2024 closed, USOIL was at 77.988, down 0.46% from the previous candle (78.347). Market Energy was 55.4%, down 20.5 points from 75.9%, 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 77.988, down 0.46% from the previous 1H candle (78.347). This drop is larger than 76% of past drops on the 1H timeframe for USOIL, across 33,300 candles since 2019.
How did USOIL Market Energy change from the previous candle?
Market Energy fell 20.5 percentage points from the previous candle — from 75.9% to 55.4%. This drop is larger than 76% 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 75.9%, Bull Extreme — when this candle closed, USOIL moved down to a lower zone: Bull Extreme → Bull Bias.
Where does USOIL energy sit within the Bull Bias zone?
At 55.4%, USOIL is 4.63 points from the upper boundary of Bull Bias (60%) and 34.49 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 95.2%; GER40 (European equities) in Bull Extreme with energy 91.8%. Against this backdrop, USOIL (Bull Bias, 55.4%) 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 Bull Extreme with Market Energy 80.6%. 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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