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| Price | ▼ 0.98% | ▼ 0.31% | ▲ 0.31% | ▼ 2.08% |
| Energy | ▼ 57.3 | ▼ 29.6 | ▲ 15.8 | ▼ 17.8 |
Trend of Bear Bias WHEAT Daily
▸When WHEAT is in Bear Bias:
- then WHEAT moved to higher Market State: 203 times — 55.5%
- then WHEAT moved to lower Market State: 163 times — 44.5%
▸Current WHEAT market energy: -50.27%
- Distance to upper bound of Bear Bias (at -20.88%): 29.39%
- Distance to lower bound of Bear Bias (at -60%): 9.73%
"Let data guide you, but never trust it completely" — 2AITRADING
After the Daily session ends, WHEAT in the Bear Bias state.
Observing the WHEAT market this session, Market Energy dropped -17.8% from the previous session, from -32.5% to -50.3%.
Time in Bear Bias energy zone: 3 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 -50.3 to -18.6.
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 13-10-2021 closed, WHEAT was at 718.75, down 2.08% from the previous candle (734). Market Energy was -50.3%, down 17.8 points from -32.5%, in the Bear Bias state — controlled by sellers. The Bear Bias zone spans -60% to -20.88%.
How much did WHEAT price move on this Daily candle, and how large is that historically?
WHEAT closed at 718.75, down 2.08% from the previous Daily candle (734). This drop is larger than 85% of past drops on the Daily timeframe for WHEAT, across 690 candles since 2019.
How did WHEAT Market Energy change from the previous candle?
Market Energy fell 17.8 percentage points from the previous candle — from -32.5% to -50.3%. This drop is larger than 60% of past drops on the Daily timeframe for WHEAT.
Do WHEAT price and energy agree?
Yes. Both price and energy moved down on this candle. This describes the candle that just closed; it does not say where price goes next.
What state was WHEAT in on the previous Daily candle?
The previous Daily candle had WHEAT at -32.5%, Bear Bias — this candle kept the same state, no zone change.
Where does WHEAT energy sit within the Bear Bias zone?
At -50.3%, WHEAT is 29.39 points from the upper boundary of Bear Bias (-20.88%) and 9.73 points from the lower boundary (-60%) — so energy sits closer to the lower 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 Bear Bias with energy -35.1%; GER40 (European equities) in Neutral with energy 16.6%. Against this backdrop, WHEAT (Bear Bias, -50.3%) 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 Bias with Market Energy 24.3%. WHEAT (Bear Bias) and DXY currently sit on opposite sides.
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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