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| Price | ▲ 0.31% | ▲ 0.54% | ▲ 0.15% | ▼ 0.06% |
| Energy | ▲ 1.6 | ▲ 3.0 | ▲ 0.7 | ▼ 0.9 |
Trend of Bull Critical USOIL 1H
▸When USOIL is in Bull Critical:
- then USOIL moved to higher Market State: 1,107 times — 33.2%
- then USOIL moved to lower Market State: 2,227 times — 66.8%
▸Current USOIL market energy: 64.48%
- Distance to upper bound of Bull Critical (at 74.5%): 10.02%
- Distance to lower bound of Bull Critical (at 60%): 4.48%
"To truly understand anything, study its history" — 2AITRADING
The near-extreme Bull energy level determined for USOIL through the 1H candle data.
Per the 2AiTrading energy measurement system, Market Energy dropped -0.9% this candle, currently 64.5% (previous candle 65.4%).
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 -99.8 to +99.5.
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 06:00 on 02-10-2024 closed, USOIL was at 70.783, down 0.06% from the previous candle (70.828). Market Energy was 64.5%, down 0.9 points from 65.4%, 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 70.783, down 0.06% from the previous 1H candle (70.828). This drop is larger than 18% of past drops on the 1H timeframe for USOIL, across 34,062 candles since 2019.
How did USOIL Market Energy change from the previous candle?
Market Energy fell 0.9 percentage points from the previous candle — from 65.4% to 64.5%. This drop is larger than 10% 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 65.4%, Bull Critical — this candle kept the same state, no zone change.
Where does USOIL energy sit within the Bull Critical zone?
At 64.5%, USOIL is 10.02 points from the upper boundary of Bull Critical (74.5%) and 4.48 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 Bear Bias with energy -38.3%; GER40 (European equities) in Bear Bias with energy -50.2%. Against this backdrop, USOIL (Bull Critical, 64.5%) has higher energy 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 Bias with Market Energy 29.2%. 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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