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| Price | ▲ 0.68% | ▲ 2.38% | ▲ 2.81% | ▼ 1.41% |
| Energy | ▲ 4.1 | ▲ 38.9 | ▲ 32.2 | ▼ 12.5 |
Trend of Bull Extreme WHEAT Daily
▸When WHEAT is in Bull Extreme:
- then WHEAT moved to higher Market State: 0 times — 0%
- then WHEAT moved to lower Market State: 151 times — 100%
▸Current WHEAT market energy: 79.96%
- Distance to peak 100%: 20.04%
- Distance to lower bound of Bull Extreme (at 74.5%): 5.46%
"Does history really repeat itself?" — 2AITRADING
Observing the completed Daily candle, WHEAT noted at the Bull Extreme energy zone.
Market movement just recorded on the Daily timeframe, Market Energy dropped -12.5% from the previous session, from 92.4% to 80%.
Time in Bull Extreme 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 +21.3 to +92.4.
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 03-10-2024 closed, WHEAT was at 613.5, down 1.41% from the previous candle (622.3). Market Energy was 80%, down 12.5 points from 92.4%, in the Bull Extreme state — controlled by buyers. The Bull Extreme zone spans 74.5% to 100%.
How much did WHEAT price move on this Daily candle, and how large is that historically?
WHEAT closed at 613.5, down 1.41% from the previous Daily candle (622.3). This drop is larger than 57% of past drops on the Daily timeframe for WHEAT, across 1,419 candles since 2019.
How did WHEAT Market Energy change from the previous candle?
Market Energy fell 12.5 percentage points from the previous candle — from 92.4% to 80%. This drop is larger than 44% 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 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 92.4%, Bull Extreme — this candle kept the same state, no zone change.
Where does WHEAT energy sit within the Bull Extreme zone?
At 80%, WHEAT is 20.04 points from the upper boundary of Bull Extreme (100%) and 5.46 points from the lower boundary (74.5%) — so energy sits closer to the lower boundary at candle close.
What does Bull Extreme mean?
Bull Extreme 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 Extreme 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 17.2%; GER40 (European equities) in Neutral with energy 8.7%. Against this backdrop, WHEAT (Bull Extreme, 80%) 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 81.4%. WHEAT (Bull Extreme) 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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