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| Price | ▼ 0.50% | ▼ 0.29% | ▲ 0.31% | ▲ 0.10% |
| Energy | ▼ 127.5 | ▼ 24.9 | ▲ 9.4 | ▲ 44.8 |
Trend of Bear Bias WHEAT 1H
▸When WHEAT is in Bear Bias:
- then WHEAT moved to higher Market State: 658 times — 56%
- then WHEAT moved to lower Market State: 517 times — 44%
▸Current WHEAT market energy: -45%
- Distance to upper bound of Bear Bias (at -20.88%): 24.12%
- Distance to lower bound of Bear Bias (at -60%): 15%
"Let data guide you, but never trust it completely" — 2AITRADING
Reading from the 1H candle, WHEAT noted at the Bear Bias energy zone.
Meanwhile, Compared to the previous candle (-89.8%), Market Energy rose +44.8% to -45%.
Time in Bear 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 -99.2 to +99.
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 20:00 on 01-12-2023 closed, WHEAT was at 592.5, up 0.1% from the previous candle (591.905). Market Energy was -45%, up 44.8 points from -89.8%, in the Bear Bias state — controlled by sellers. The Bear Bias zone spans -60% to -20.88%.
How much did WHEAT price move on this 1H candle, and how large is that historically?
WHEAT closed at 592.5, up 0.1% from the previous 1H candle (591.905). This rise is larger than 26% of past rises on the 1H timeframe for WHEAT, across 1,694 candles since 2019.
How did WHEAT Market Energy change from the previous candle?
Market Energy rose 44.8 percentage points from the previous candle — from -89.8% to -45%. This rise is larger than 88% of past rises on the 1H timeframe for WHEAT.
Do WHEAT price and energy agree?
Yes. This candle recorded price moving up 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 -89.8%, Bear Extreme — when this candle closed, WHEAT moved up to a higher zone: Bear Extreme → Bear Bias.
Where does WHEAT energy sit within the Bear Bias zone?
At -45%, WHEAT is 24.12 points from the upper boundary of Bear Bias (-20.88%) and 15 points from the lower boundary (-60%) — so energy sits closer to the lower boundary at candle close.
What does Bear Bias mean?
Bear 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 Bear 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 Bear Extreme with energy -95.7%; GER40 (European equities) in Neutral with energy 8.5%. Against this backdrop, WHEAT (Bear Bias, -45%) has higher energy than SPX500; lower than 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 Extreme with Market Energy 91.9%. WHEAT (Bear 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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