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| Price | ▲ 0.37% | ▲ 0.69% | ▼ 0.37% | ▲ 0.69% |
| Energy | ▲ 13.0 | ▲ 75.8 | ▲ 0.1 | ▲ 42.0 |
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: 34.87%
- Distance to upper bound of Bull Bias (at 60%): 25.13%
- Distance to lower bound of Bull Bias (at 20.88%): 13.99%
"History always repeats itself, one way or another" — 2AITRADING
Following the completion of the 1H candle, USOIL in Bull Bias.
Observing the USOIL market this session, Compared to the previous candle (-7.1%), Market Energy rose +42% to 34.9%.
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 -98.3 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 21:00 on 28-08-2024 closed, USOIL was at 75.128, up 0.69% from the previous candle (74.612). Market Energy was 34.9%, up 42.0 points from -7.1%, 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 75.128, up 0.69% from the previous 1H candle (74.612). This rise is larger than 87% of past rises on the 1H timeframe for USOIL, across 33,504 candles since 2019.
How did USOIL Market Energy change from the previous candle?
Market Energy rose 42 percentage points from the previous candle — from -7.1% to 34.9%. This rise is larger than 89% 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 -7.1%, 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 34.9%, USOIL is 25.13 points from the upper boundary of Bull Bias (60%) and 13.99 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 Bear Extreme with energy -91%; GER40 (European equities) in Bull Bias with energy 51.6%. Against this backdrop, USOIL (Bull Bias, 34.9%) has higher energy 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 Neutral with Market Energy 18.8%. USOIL energy is currently above DXY by 16.1 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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