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| Price | ▲ 0.38% | ▲ 0.13% | ▼ 0.82% | ▼ 0.39% |
| Energy | ▲ 35.4 | ▲ 2.1 | ▼ 57.1 | ▼ 65.4 |
Trend of Bear Bias USOIL 1H
▸When USOIL is in Bear Bias:
- then USOIL moved to higher Market State: 2,898 times — 60.9%
- then USOIL moved to lower Market State: 1,857 times — 39.1%
▸Current USOIL market energy: -38.01%
- Distance to upper bound of Bear Bias (at -20.88%): 17.13%
- Distance to lower bound of Bear Bias (at -60%): 21.99%
"If history reveals a pattern, remember — nothing is ever absolutely 100%" — 2AITRADING
As the 1H candle completes, USOIL within the energy zone tilted toward Bear.
End-of-session energy readings on 1H, Energy delta -65.4%: Market Energy at -38%, previously 27.4%.
Time in Bear 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 -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 01:00 on 06-11-2024 closed, USOIL was at 71.628, down 0.39% from the previous candle (71.909). Market Energy was -38%, down 65.4 points from 27.4%, in the Bear Bias state — controlled by sellers. The Bear Bias zone spans -60% to -20.88%.
How much did USOIL price move on this 1H candle, and how large is that historically?
USOIL closed at 71.628, down 0.39% from the previous 1H candle (71.909). This drop is larger than 72% of past drops on the 1H timeframe for USOIL, across 34,632 candles since 2019.
How did USOIL Market Energy change from the previous candle?
Market Energy fell 65.4 percentage points from the previous candle — from 27.4% to -38%. This drop is larger than 94% 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 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 27.4%, Bull Bias — when this candle closed, USOIL moved down to a lower zone: Bull Bias → Bear Bias.
Where does USOIL energy sit within the Bear Bias zone?
At -38%, USOIL is 17.13 points from the upper boundary of Bear Bias (-20.88%) and 21.99 points from the lower boundary (-60%) — so energy sits closer to the upper boundary at candle close.
What does Bear Bias mean?
Bear 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 Bear 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 Bull Extreme with energy 87.4%; GER40 (European equities) in Bull Extreme with energy 93.6%. Against this backdrop, USOIL (Bear Bias, -38%) lower 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 Bear Extreme with Market Energy -93.7%. USOIL (Bear Bias) and DXY currently sit on the same Bear 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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