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| Price | ▼ 0.75% | ▼ 1.56% | ▼ 1.14% | ▼ 0.66% |
| Energy | ▼ 12.0 | ▼ 54.1 | ▼ 26.0 | ▼ 4.1 |
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: -64.85%
- Distance to upper bound of Bear Critical (at -60%): 4.85%
- Distance to lower bound of Bear Critical (at -74.5%): 9.65%
"To truly understand anything, study its history" — 2AITRADING
As the Daily candle closes, WHEAT within the near-peak Bear energy zone.
Looking at the Market Energy reading, A -4.1% change from the previous candle, Market Energy is now -64.8% (previous: -60.7%).
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 -64.8 to +31.3.
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 17-11-2023 closed, WHEAT was at 574.7, down 0.66% from the previous candle (578.5). Market Energy was -64.8%, down 4.1 points from -60.7%, 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 574.7, down 0.66% from the previous Daily candle (578.5). This drop is larger than 27% of past drops on the Daily timeframe for WHEAT, across 1,200 candles since 2019.
How did WHEAT Market Energy change from the previous candle?
Market Energy fell 4.1 percentage points from the previous candle — from -60.7% to -64.8%. This drop is larger than 16% of past drops on the Daily timeframe for WHEAT.
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 -60.7%, Bear Critical — this candle kept the same state, no zone change.
Where does WHEAT energy sit within the Bear Critical zone?
At -64.8%, WHEAT is 4.85 points from the upper boundary of Bear Critical (-60%) and 9.65 points from the lower boundary (-74.5%) — so energy sits closer to the upper 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 57%; GER40 (European equities) in Bull Bias with energy 33.8%. Against this backdrop, WHEAT (Bear Critical, -64.8%) 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 Neutral with Market Energy -8.7%. WHEAT energy is currently below DXY by 56.1 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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