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| Price | ▼ 0.26% | ▲ 0.31% | ▲ 0.37% | ▼ 0.08% |
| Energy | ▼ 18.0 | ▲ 3.4 | ▲ 28.5 | ▼ 8.2 |
Trend of Bull Extreme WHEAT 1H
▸When WHEAT is in Bull Extreme:
- then WHEAT moved to higher Market State: 0 times — 0%
- then WHEAT moved to lower Market State: 613 times — 100%
▸Current WHEAT market energy: 79.16%
- Distance to peak 100%: 20.84%
- Distance to lower bound of Bull Extreme (at 74.5%): 4.66%
"A person's history reveals more than you might think" — 2AITRADING
Following the completion of the 1H candle, WHEAT currently in the peak Bull energy level.
End-of-session energy readings on 1H, Market Energy dropped -8.2% this candle, currently 79.2% (previous candle 87.4%).
Time in Bull Extreme energy zone: 2 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 -99.7 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 17:00 on 18-08-2023 closed, WHEAT was at 621.9, down 0.08% from the previous candle (622.4). Market Energy was 79.2%, down 8.2 points from 87.4%, 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 1H candle, and how large is that historically?
WHEAT closed at 621.9, down 0.08% from the previous 1H candle (622.4). This drop is larger than 15% of past drops on the 1H timeframe for WHEAT, across 324 candles since 2019.
How did WHEAT Market Energy change from the previous candle?
Market Energy fell 8.2 percentage points from the previous candle — from 87.4% to 79.2%. This drop is larger than 49% of past drops on the 1H 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 1H candle?
The previous 1H candle had WHEAT at 87.4%, Bull Extreme — this candle kept the same state, no zone change.
Where does WHEAT energy sit within the Bull Extreme zone?
At 79.2%, WHEAT is 20.84 points from the upper boundary of Bull Extreme (100%) and 4.66 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 Bear Critical with energy -60.3%; GER40 (European equities) in Bear Bias with energy -41.3%. Against this backdrop, WHEAT (Bull Extreme, 79.2%) 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 Bias with Market Energy 57.8%. 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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