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| Price | ▼ 0.89% | ▲ 0.06% | ▼ 0.77% | ▼ 0.60% |
| Energy | ▼ 9.6 | ▼ 8.2 | ▼ 12.5 | ▼ 27.7 |
Trend of Neutral WHEAT Daily
▸When WHEAT is in Neutral:
- then WHEAT moved to higher Market State: 154 times — 45.2%
- then WHEAT moved to lower Market State: 187 times — 54.8%
▸Current WHEAT market energy: 11.61%
- Distance to upper bound of Neutral (at 20.88%): 9.27%
- Distance to lower bound of Neutral (at -20.88%): 32.49%
"Past — present — future. The past and present are known. The future is yours" — 2AITRADING
With the Daily candle just closed, WHEAT recorded in Neutral.
End-of-session energy readings on Daily, A -27.7% change from the previous candle, Market Energy is now 11.6% (previous: 39.3%).
Time in Neutral energy zone: 1 Daily 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, WHEAT Market Energy ranged from +11.6 to +69.6.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did WHEAT price and energy show when this Daily candle closed?
When the Daily candle at 07:00 on 21-10-2016 closed, WHEAT was at 414.5, down 0.6% from the previous candle (417). Market Energy was 11.6%, down 27.7 points from 39.3%, in the Neutral state — the market is neutral. The Neutral zone spans -20.88% to 20.88%.
How much did WHEAT price move on this Daily candle, and how large is that historically?
WHEAT closed at 414.5, down 0.6% from the previous Daily candle (417).
How did WHEAT Market Energy change from the previous candle?
Market Energy fell 27.7 percentage points from the previous candle — from 39.3% to 11.6%.
Do WHEAT 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 WHEAT in on the previous Daily candle?
The previous Daily candle had WHEAT at 39.3%, Bull Bias — when this candle closed, WHEAT moved down to a lower zone: Bull Bias → Neutral.
Where does WHEAT energy sit within the Neutral zone?
At 11.6%, WHEAT is 9.27 points from the upper boundary of Neutral (20.88%) and 32.49 points from the lower boundary (-20.88%) — so energy sits closer to the upper boundary at candle close.
What does Neutral mean?
Neutral is one of 7 Market States in 2AiTrading's Market Energy model, applied consistently across every asset class, market and timeframe.
See the full Neutral 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 -13.8%; GER40 (European equities) in Bull Bias with energy 56.6%. Against this backdrop, WHEAT (Neutral, 11.6%) lower than GER40; sits in the same state zone as SPX500.
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 79%. WHEAT energy is currently below DXY by 67.4 points.
See the real-time energy chart for WHEAT.
Open Energy ChartSee the full 2AiTrading Model data for WHEAT on the WHEAT overview →
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