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| Price | ▲ 1.93% | ▼ 0.65% | ▼ 1.41% | ▼ 1.25% |
| Energy | ▲ 18.1 | ▲ 8.1 | ▼ 25.6 | ▼ 33.3 |
Trend of Bear Critical WHEAT Daily
▸When WHEAT is in Bear Critical:
- then WHEAT moved to higher Market State: 138 times — 65.7%
- then WHEAT moved to lower Market State: 72 times — 34.3%
▸Current WHEAT market energy: -69.62%
- Distance to upper bound of Bear Critical (at -60%): 9.62%
- Distance to lower bound of Bear Critical (at -74.5%): 4.88%
"Let data guide you, but never trust it completely" — 2AITRADING
Observing the completed Daily candle, WHEAT in the near-peak Bear energy zone.
End-of-session update for Daily, Market Energy reading dropped -33.3%, moving from -36.3% to -69.6% after the Daily candle.
Time in Bear Critical 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 -69.6 to -10.7.
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 31-10-2023 closed, WHEAT was at 578, down 1.25% from the previous candle (585.3). Market Energy was -69.6%, down 33.3 points from -36.3%, in the Bear Critical state — controlled by sellers. The Bear Critical zone spans -74.5% to -60%.
How much did WHEAT price move on this Daily candle, and how large is that historically?
WHEAT closed at 578, down 1.25% from the previous Daily candle (585.3). This drop is larger than 52% of past drops on the Daily timeframe for WHEAT, across 1,187 candles since 2019.
How did WHEAT Market Energy change from the previous candle?
Market Energy fell 33.3 percentage points from the previous candle — from -36.3% to -69.6%. This drop is larger than 80% 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 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 -36.3%, Bear Bias — when this candle closed, WHEAT moved down to a lower zone: Bear Bias → Bear Critical.
Where does WHEAT energy sit within the Bear Critical zone?
At -69.6%, WHEAT is 9.62 points from the upper boundary of Bear Critical (-60%) and 4.88 points from the lower boundary (-74.5%) — so energy sits closer to the lower boundary at candle close.
What does Bear Critical mean?
Bear Critical 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 Critical 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 59.7%; GER40 (European equities) in Neutral with energy 18.2%. Against this backdrop, WHEAT (Bear Critical, -69.6%) 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 Bias with Market Energy -57.5%. WHEAT (Bear Critical) and DXY currently sit on the same Bear side.
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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