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| Price | ▼ 0.16% | ▼ 0.01% | ▲ 0.34% | ▼ 0.26% |
| Energy | ▼ 14.9 | ▼ 12.6 | ▲ 16.8 | ▼ 19.5 |
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: 2,795 times — 57.1%
▸Current USOIL market energy: 30.39%
- Distance to upper bound of Bull Bias (at 60%): 29.61%
- Distance to lower bound of Bull Bias (at 20.88%): 9.51%
"To truly understand anything, study its history" — 2AITRADING
Reading from the 1H candle, USOIL noted at Bull Bias of Market Energy.
Market movement just recorded on the 1H timeframe, Market Energy at 30.4%, down -19.5% from 49.8% in the previous candle.
Time in Bull Bias energy zone: 4 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 -81.6 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 20:00 on 05-11-2024 closed, USOIL was at 71.767, down 0.26% from the previous candle (71.954). Market Energy was 30.4%, down 19.5 points from 49.8%, 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 71.767, down 0.26% from the previous 1H candle (71.954). This drop is larger than 58% of past drops on the 1H timeframe for USOIL, across 34,627 candles since 2019.
How did USOIL Market Energy change from the previous candle?
Market Energy fell 19.5 percentage points from the previous candle — from 49.8% to 30.4%. This drop is larger than 74% 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 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 49.8%, Bull Bias — this candle kept the same state, no zone change.
Where does USOIL energy sit within the Bull Bias zone?
At 30.4%, USOIL is 29.61 points from the upper boundary of Bull Bias (60%) and 9.51 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 Neutral with energy 4.5%; GER40 (European equities) in Bull Bias with energy 36.8%. Against this backdrop, USOIL (Bull Bias, 30.4%) 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 -17.4%. USOIL energy is currently above DXY by 47.8 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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