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| Price | ▼ 0.03% | ▼ 0.08% | ▼ 0.15% | ▼ 0.19% |
| Energy | ▲ 5.7 | ▼ 3.8 | ▼ 42.4 | ▼ 28.6 |
Trend of Bear Critical USOIL 1H
▸When USOIL is in Bear Critical:
- then USOIL moved to higher Market State: 2,114 times — 69.3%
- then USOIL moved to lower Market State: 938 times — 30.7%
▸Current USOIL market energy: -65.8%
- Distance to upper bound of Bear Critical (at -60%): 5.8%
- Distance to lower bound of Bear Critical (at -74.5%): 8.7%
"If history reveals a pattern, remember — nothing is ever absolutely 100%" — 2AITRADING
As the 1H candle closes, USOIL shows the Bear Critical state.
Looking at the Market Energy reading, Market Energy moved from -37.2% to -65.8%, down -28.6% from the previous candle.
Time in Bear 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 -99.1 to +64.8.
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 15:00 on 16-10-2024 closed, USOIL was at 70.557, down 0.19% from the previous candle (70.689). Market Energy was -65.8%, down 28.6 points from -37.2%, in the Bear Critical state — controlled by sellers. The Bear Critical zone spans -74.5% to -60%.
How much did USOIL price move on this 1H candle, and how large is that historically?
USOIL closed at 70.557, down 0.19% from the previous 1H candle (70.689). This drop is larger than 47% of past drops on the 1H timeframe for USOIL, across 34,301 candles since 2019.
How did USOIL Market Energy change from the previous candle?
Market Energy fell 28.6 percentage points from the previous candle — from -37.2% to -65.8%. This drop is larger than 82% of past drops on the 1H timeframe for USOIL.
Do USOIL price and energy agree?
Yes. Both price and energy moved down on this candle. 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 -37.2%, Bear Bias — when this candle closed, USOIL moved down to a lower zone: Bear Bias → Bear Critical.
Where does USOIL energy sit within the Bear Critical zone?
At -65.8%, USOIL is 5.8 points from the upper boundary of Bear Critical (-60%) and 8.7 points from the lower boundary (-74.5%) — so energy sits closer to the upper boundary at candle close.
What does Bear Critical mean?
Bear 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 Bear 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 Neutral with energy -5.8%; GER40 (European equities) in Bear Critical with energy -71.1%. Against this backdrop, USOIL (Bear Critical, -65.8%) 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 83.9%. USOIL (Bear Critical) and DXY currently sit on opposite sides.
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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