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| Price | ▲ 0.35% | ▲ 0.02% | ▲ 0.02% | ▼ 0.30% |
| Energy | ▲ 13.6 | ▲ 5.1 | ▼ 5.4 | ▼ 61.7 |
Trend of Neutral WHEAT 1H
▸When WHEAT is in Neutral:
- then WHEAT moved to higher Market State: 530 times — 47.2%
- then WHEAT moved to lower Market State: 594 times — 52.8%
▸Current WHEAT market energy: -4.72%
- Distance to upper bound of Neutral (at 20.88%): 25.6%
- Distance to lower bound of Neutral (at -20.88%): 16.16%
"Let data guide you, but never trust it completely" — 2AITRADING
After the system processes the 1H candle, Market Energy of WHEAT indicates balanced energy.
End-of-session energy readings on 1H, Market Energy dropped -61.7% this candle, currently -4.7% (previous candle 57%).
Time in Neutral 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 -79.8 to +99.7.
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 16:00 on 09-11-2023 closed, WHEAT was at 606.5, down 0.3% from the previous candle (608.3). Market Energy was -4.7%, down 61.7 points from 57%, 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 606.5, down 0.3% from the previous 1H candle (608.3). This drop is larger than 63% of past drops on the 1H timeframe for WHEAT, across 1,419 candles since 2019.
How did WHEAT Market Energy change from the previous candle?
Market Energy fell 61.7 percentage points from the previous candle — from 57% to -4.7%. This drop is larger than 94% 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 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 57%, Bull Bias — when this candle closed, WHEAT moved down to a lower zone: Bull Bias → Neutral.
Where does WHEAT energy sit within the Neutral zone?
At -4.7%, WHEAT is 25.6 points from the upper boundary of Neutral (20.88%) and 16.16 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 28.3%; GER40 (European equities) in Bull Critical with energy 70.6%. Against this backdrop, WHEAT (Neutral, -4.7%) 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 -0.1%. WHEAT energy is currently below DXY by 4.6 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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