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| Price | ▲ 5.78% | ▲ 1.57% | ▼ 0.52% | ▲ 0.88% |
| Energy | ▲ 33.3 | ▲ 48.8 | ▼ 14.2 | ▼ 3.1 |
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: 56.06%
- Distance to upper bound of Bull Bias (at 60%): 3.94%
- Distance to lower bound of Bull Bias (at 20.88%): 35.18%
"To truly understand anything, study its history" — 2AITRADING
With the Daily candle just closed, WHEAT reflects the Bull Bias state.
On trend energy, Market Energy moved from 59.2% to 56.1%, down -3.1% from the previous candle.
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 +24.5 to +73.3.
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 23-05-2024 closed, WHEAT was at 709.3, up 0.88% from the previous candle (703.1). Market Energy was 56.1%, down 3.1 points from 59.2%, 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 709.3, up 0.88% from the previous Daily candle (703.1). This rise is larger than 40% of past rises on the Daily timeframe for WHEAT, across 1,328 candles since 2019.
How did WHEAT Market Energy change from the previous candle?
Market Energy fell 3.1 percentage points from the previous candle — from 59.2% to 56.1%. This drop is larger than 13% of past drops on the Daily timeframe for WHEAT.
Do WHEAT price and energy agree?
No. On this candle price rose but energy fell — the two moved in opposite directions. 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 59.2%, Bull Bias — this candle kept the same state, no zone change.
Where does WHEAT energy sit within the Bull Bias zone?
At 56.1%, WHEAT is 3.94 points from the upper boundary of Bull Bias (60%) and 35.18 points from the lower boundary (20.88%) — so energy sits closer to the upper 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 Neutral with energy 19.3%; GER40 (European equities) in Neutral with energy 20.6%. Against this backdrop, WHEAT (Bull Bias, 56.1%) 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 Bull Extreme with Market Energy 90%. WHEAT (Bull Bias) and DXY currently sit on the same Bull 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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