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Trend of Neutral WHEAT 1H
▸When WHEAT is in Neutral:
- then WHEAT moved to higher Market State: 507 times — 47.3%
- then WHEAT moved to lower Market State: 564 times — 52.7%
▸Current WHEAT market energy: -7.41%
- Distance to upper bound of Neutral (at 20.88%): 28.29%
- Distance to lower bound of Neutral (at -20.88%): 13.47%
"A person's history reveals more than you might think" — 2AITRADING
The balanced Market Energy state recorded from just-completed 1H candle data for WHEAT.
The WHEAT market at session end, A -2.7% change from the previous candle, Market Energy is now -7.4% (previous: -4.7%).
Time in Neutral energy zone: 6 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 -100 to +98.4.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What state was WHEAT on 1H when this candle closed?
When the 1H candle at 10:00 on 04-10-2023 closed, WHEAT was in Neutral with Market Energy -7.4%, the market is neutral. The Neutral zone spans -20.88% to 20.88%.
How did WHEAT Market Energy change from the previous candle?
Market Energy fell 2.7 percentage points from the previous candle — from -4.7% to -7.4%.
What state was WHEAT in on the previous 1H candle?
The previous 1H candle had WHEAT at -4.7%, Neutral — this candle kept the same state, no zone change.
Where does WHEAT energy sit within the Neutral zone?
At -7.4%, WHEAT is 28.29 points from the upper boundary of Neutral (20.88%) and 13.47 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 Bear Critical with energy -67%; GER40 (European equities) in Bear Critical with energy -62%. Against this backdrop, WHEAT (Neutral, -7.4%) 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 Neutral with Market Energy 9.6%. WHEAT energy is currently below DXY by 17 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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