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| Price | ▲ 0.44% | ▼ 0.08% | ▼ 0.08% | ▼ 0.19% |
| Energy | ▲ 3.9 | ▲ 1.4 | ▼ 3.1 | ▼ 10.8 |
Trend of Bull Bias WHEAT 1H
▸When WHEAT is in Bull Bias:
- then WHEAT moved to higher Market State: 444 times — 41.4%
- then WHEAT moved to lower Market State: 629 times — 58.6%
▸Current WHEAT market energy: 59.79%
- Distance to upper bound of Bull Bias (at 60%): 0.21%
- Distance to lower bound of Bull Bias (at 20.88%): 38.91%
"Why does archaeology matter?" — 2AITRADING
WHEAT classified into the Bull Bias level after the 1H candle completed.
End-of-session update for 1H, A -10.8% change from the previous candle, Market Energy is now 59.8% (previous: 70.6%).
Time in Bull Bias energy zone: 1 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 -99.6 to +92.9.
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 12:00 on 24-08-2023 closed, WHEAT was at 638.5, down 0.19% from the previous candle (639.7). Market Energy was 59.8%, down 10.8 points from 70.6%, 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 1H candle, and how large is that historically?
WHEAT closed at 638.5, down 0.19% from the previous 1H candle (639.7). This drop is larger than 39% of past drops on the 1H timeframe for WHEAT, across 395 candles since 2019.
How did WHEAT Market Energy change from the previous candle?
Market Energy fell 10.8 percentage points from the previous candle — from 70.6% to 59.8%. This drop is larger than 60% of past drops on the 1H timeframe for WHEAT.
Do WHEAT price and energy agree?
Yes. Both price and energy moved down on this candle. This describes the candle that just closed; it does not say where price goes next.
What state was WHEAT in on the previous 1H candle?
The previous 1H candle had WHEAT at 70.6%, Bull Critical — when this candle closed, WHEAT moved down to a lower zone: Bull Critical → Bull Bias.
Where does WHEAT energy sit within the Bull Bias zone?
At 59.8%, WHEAT is 0.21 points from the upper boundary of Bull Bias (60%) and 38.91 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 Bull Extreme with energy 90.2%; GER40 (European equities) in Bull Extreme with energy 97.5%. Against this backdrop, WHEAT (Bull Bias, 59.8%) 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 Bear Bias with Market Energy -58.2%. WHEAT (Bull Bias) and DXY currently sit on opposite sides.
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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