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WHEAT is currently controlled by buyers, in the Bull Bias zone. Measured energy: +31.5%.
See the full 2AiTrading Model data for WHEAT on the WHEAT overview →
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UP–DOWN statistics for Bull Bias WHEAT Daily
▸When WHEAT is in Bull Bias:
- then WHEAT moved to higher Market State: 101 times — 35.9%
- then WHEAT moved to lower Market State: 180 times — 64.1%
▸Current WHEAT market energy: 31.45%
- Distance to upper bound of Bull Bias (at 60%): 28.55%
- Distance to lower bound of Bull Bias (at 20.88%): 10.57%
"History always repeats itself, one way or another" — 2AITRADING
From the just-closed Daily candle data, WHEAT reflects the energy level leaning Bull.
Per the 2AiTrading energy measurement system, Market Energy dropped -26.4% from the previous session, from 57.8% to 31.5%.
Time in Bull Bias energy zone: 2 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 +31.5 to +73.3.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What state was WHEAT on Daily when this candle closed?
When the Daily candle at 07:00 on 07-01-2021 closed, WHEAT was in Bull Bias with Market Energy 31.5%, controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How did WHEAT Market Energy change from the previous candle?
Market Energy fell 26.4 percentage points from the previous candle — from 57.8% to 31.5%.
What state was WHEAT in on the previous Daily candle?
The previous Daily candle had WHEAT at 57.8%, Bull Bias — this candle kept the same state, no zone change.
Where does WHEAT energy sit within the Bull Bias zone?
At 31.5%, WHEAT is 28.55 points from the upper boundary of Bull Bias (60%) and 10.57 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 Bear Bias with energy -21.4%; GER40 (European equities) in Neutral with energy -5.9%. Against this backdrop, WHEAT (Bull Bias, 31.5%) 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 Neutral with Market Energy -3.7%. WHEAT energy is currently above DXY by 35.2 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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