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| Price | ▼ 0.18% | ▲ 0.38% | ▼ 0.38% | ▲ 0.06% |
| Energy | ▲ 7.9 | ▲ 70.0 | ▼ 10.6 | ▼ 14.6 |
Trend of Neutral WHEAT 1H
▸When WHEAT is in Neutral:
- then WHEAT moved to higher Market State: 529 times — 47.2%
- then WHEAT moved to lower Market State: 592 times — 52.8%
▸Current WHEAT market energy: -7.5%
- Distance to upper bound of Neutral (at 20.88%): 28.38%
- Distance to lower bound of Neutral (at -20.88%): 13.38%
"Why does archaeology matter?" — 2AITRADING
With the 1H candle just closed, Market Energy of WHEAT indicates the balanced energy zone.
End-of-session energy readings on 1H, The energy level dropped -14.6%: from 7.1% now at -7.5%.
Time in Neutral energy zone: 3 1H 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 -90.5 to +98.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did WHEAT price and energy show when this 1H candle closed?
When the 1H candle at 19:00 on 10-08-2023 closed, WHEAT was at 657.4, up 0.06% from the previous candle (657). Market Energy was -7.5%, down 14.6 points from 7.1%, in the Neutral state — the market is neutral. The Neutral zone spans -20.88% to 20.88%.
How much did WHEAT price move on this 1H candle, and how large is that historically?
WHEAT closed at 657.4, up 0.06% from the previous 1H candle (657). This rise is larger than 12% of past rises on the 1H timeframe for WHEAT, across 212 candles since 2019.
How did WHEAT Market Energy change from the previous candle?
Market Energy fell 14.6 percentage points from the previous candle — from 7.1% to -7.5%. This drop is larger than 66% of past drops on the 1H timeframe for WHEAT.
Do WHEAT price and energy agree?
No. This candle recorded a price rise with energy moving the other way. This describes a closed candle, not a forecast of where price goes next.
What state was WHEAT in on the previous 1H candle?
The previous 1H candle had WHEAT at 7.1%, Neutral — this candle kept the same state, no zone change.
Where does WHEAT energy sit within the Neutral zone?
At -7.5%, WHEAT is 28.38 points from the upper boundary of Neutral (20.88%) and 13.38 points from the lower boundary (-20.88%) — so energy sits closer to the lower boundary at candle close.
What does Neutral mean?
Neutral is one of 7 Market States in 2AiTrading's Market Energy model, applied consistently across every asset class, market and timeframe.
See the full Neutral 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 49.2%; GER40 (European equities) in Neutral with energy 3.1%. Against this backdrop, WHEAT (Neutral, -7.5%) lower than SPX500; sits in the same state zone as 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 -53.3%. WHEAT energy is currently above DXY by 45.8 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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