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| Price | ▲ 0.31% | ▼ 0.03% | ▲ 1.80% | ▼ 1.07% |
| Energy | ▲ 23.0 | ▼ 2.3 | ▲ 45.3 | ▼ 13.1 |
Trend of Bull Bias WHEAT Daily
▸When WHEAT is in Bull Bias:
- then WHEAT moved to higher Market State: 102 times — 35.9%
- then WHEAT moved to lower Market State: 182 times — 64.1%
▸Current WHEAT market energy: 34.51%
- Distance to upper bound of Bull Bias (at 60%): 25.49%
- Distance to lower bound of Bull Bias (at 20.88%): 13.63%
"Does history really repeat itself?" — 2AITRADING
After the Daily candle closes, WHEAT within the Bull Bias state.
Market trend update: A -13.1% change from the previous candle, Market Energy is now 34.5% (previous: 47.6%).
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 +2.2 to +47.6.
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 21-10-2021 closed, WHEAT was at 741.25, down 1.07% from the previous candle (749.25). Market Energy was 34.5%, down 13.1 points from 47.6%, in the Bull Bias state — controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How much did WHEAT price move on this Daily candle, and how large is that historically?
WHEAT closed at 741.25, down 1.07% from the previous Daily candle (749.25). This drop is larger than 50% of past drops on the Daily timeframe for WHEAT, across 696 candles since 2019.
How did WHEAT Market Energy change from the previous candle?
Market Energy fell 13.1 percentage points from the previous candle — from 47.6% to 34.5%. This drop is larger than 48% of past drops on the Daily timeframe for WHEAT.
Do WHEAT 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 WHEAT in on the previous Daily candle?
The previous Daily candle had WHEAT at 47.6%, Bull Bias — this candle kept the same state, no zone change.
Where does WHEAT energy sit within the Bull Bias zone?
At 34.5%, WHEAT is 25.49 points from the upper boundary of Bull Bias (60%) and 13.63 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 Bull Bias with energy 26.1%; GER40 (European equities) in Neutral with energy -5.5%. Against this backdrop, WHEAT (Bull Bias, 34.5%) has higher energy 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 Bear Critical with Market Energy -73.7%. WHEAT (Bull 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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