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| Price | ▲ 1.93% | ▼ 0.55% | ▼ 0.74% | ▼ 0.07% |
| Energy | ▲ 13.7 | ▼ 6.0 | ▼ 19.5 | ▼ 10.7 |
Trend of Bull Critical USOIL 1H
▸When USOIL is in Bull Critical:
- then USOIL moved to higher Market State: 1,109 times — 33.2%
- then USOIL moved to lower Market State: 2,227 times — 66.8%
▸Current USOIL market energy: 62.65%
- Distance to upper bound of Bull Critical (at 74.5%): 11.85%
- Distance to lower bound of Bull Critical (at 60%): 2.65%
"Does history really repeat itself?" — 2AITRADING
Following the completion of the 1H candle, USOIL recorded in the near-extreme Bull energy state.
The energy side shows Market Energy moved from 73.4% to 62.7%, down -10.7% from the previous candle.
Time in Bull Critical 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 23:00 on 29-08-2024 closed, USOIL was at 75.668, down 0.07% from the previous candle (75.719). Market Energy was 62.7%, down 10.7 points from 73.4%, in the Bull Critical state — controlled by buyers. The Bull Critical zone spans 60% to 74.5%.
How much did USOIL price move on this 1H candle, and how large is that historically?
USOIL closed at 75.668, down 0.07% from the previous 1H candle (75.719). This drop is larger than 19% of past drops on the 1H timeframe for USOIL, across 33,529 candles since 2019.
How did USOIL Market Energy change from the previous candle?
Market Energy fell 10.7 percentage points from the previous candle — from 73.4% to 62.7%. This drop is larger than 59% 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 73.4%, Bull Critical — this candle kept the same state, no zone change.
Where does USOIL energy sit within the Bull Critical zone?
At 62.7%, USOIL is 11.85 points from the upper boundary of Bull Critical (74.5%) and 2.65 points from the lower boundary (60%) — so energy sits closer to the lower boundary at candle close.
What does Bull Critical mean?
Bull Critical 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 Critical 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 82.7%; GER40 (European equities) in Bull Critical with energy 69.9%. Against this backdrop, USOIL (Bull Critical, 62.7%) 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 Bias with Market Energy 28.4%. USOIL (Bull Critical) 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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