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| Price | ▲ 0.36% | ▼ 0.47% | ▼ 2.01% | ▼ 1.00% |
| Energy | ▼ 0.6 | ▼ 17.4 | ▼ 65.7 | ▼ 40.9 |
Trend of Bear Extreme WHEAT Daily
▸When WHEAT is in Bear Extreme:
- then WHEAT moved to higher Market State: 182 times — 100%
- then WHEAT moved to lower Market State: 0 times — 0%
▸Current WHEAT market energy: -75.71%
- Distance to upper bound of Bear Extreme (at -74.5%): 1.21%
- Distance to bottom -100%: 24.29%
"History always repeats itself, one way or another" — 2AITRADING
From the just-closed Daily candle data, Market WHEAT in the peak Bear energy zone.
The energy side shows Market Energy dropped -40.9% this candle, currently -75.7% (previous candle -34.8%).
Time in Bear Extreme 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 -75.7 to +48.3.
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 15-10-2024 closed, WHEAT was at 592.7, down 1% from the previous candle (598.7). Market Energy was -75.7%, down 40.9 points from -34.8%, in the Bear Extreme state — controlled by sellers. The Bear Extreme zone spans -100% to -74.5%.
How much did WHEAT price move on this Daily candle, and how large is that historically?
WHEAT closed at 592.7, down 1% from the previous Daily candle (598.7). This drop is larger than 40% of past drops on the Daily timeframe for WHEAT, across 1,427 candles since 2019.
How did WHEAT Market Energy change from the previous candle?
Market Energy fell 40.9 percentage points from the previous candle — from -34.8% to -75.7%. This drop is larger than 86% of past drops on the Daily timeframe for WHEAT.
Do WHEAT price and energy agree?
Yes. Both price and energy moved down on this candle. 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 -34.8%, Bear Bias — when this candle closed, WHEAT moved down to a lower zone: Bear Bias → Bear Extreme.
Where does WHEAT energy sit within the Bear Extreme zone?
At -75.7%, WHEAT is 1.21 points from the upper boundary of Bear Extreme (-74.5%) and 24.29 points from the lower boundary (-100%) — so energy sits closer to the upper boundary at candle close.
What does Bear Extreme mean?
Bear 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 Bear 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 Bull Critical with energy 62.8%; GER40 (European equities) in Bull Extreme with energy 87.2%. Against this backdrop, WHEAT (Bear Extreme, -75.7%) 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 8.2%. WHEAT energy is currently below DXY by 83.9 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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