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| Price | ▼ 0.13% | ▼ 0.08% | ▼ 0.09% | ▼ 0.17% |
| Energy | ▼ 3.0 | ▼ 6.5 | ▼ 15.4 | ▼ 44.5 |
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: 518 times — 44%
▸Current WHEAT market energy: -35.81%
- Distance to upper bound of Bear Bias (at -20.88%): 14.93%
- Distance to lower bound of Bear Bias (at -60%): 24.19%
"Does history really repeat itself?" — 2AITRADING
Observing the completed 1H candle, WHEAT shows Bear Bias of Market Energy.
Market trend update: Energy delta -44.5%: Market Energy at -35.8%, previously 8.7%.
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 -90.4 to +100.
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 15:00 on 29-12-2023 closed, WHEAT was at 633.1, down 0.17% from the previous candle (634.2). Market Energy was -35.8%, down 44.5 points from 8.7%, 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 633.1, down 0.17% from the previous 1H candle (634.2). This drop is larger than 45% of past drops on the 1H timeframe for WHEAT, across 2,037 candles since 2019.
How did WHEAT Market Energy change from the previous candle?
Market Energy fell 44.5 percentage points from the previous candle — from 8.7% to -35.8%. This drop is larger than 89% 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 8.7%, Neutral — when this candle closed, WHEAT moved down to a lower zone: Neutral → Bear Bias.
Where does WHEAT energy sit within the Bear Bias zone?
At -35.8%, WHEAT is 14.93 points from the upper boundary of Bear Bias (-20.88%) and 24.19 points from the lower boundary (-60%) — so energy sits closer to the upper 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 Neutral with energy 14.7%; GER40 (European equities) in Bull Bias with energy 55.1%. Against this backdrop, WHEAT (Bear Bias, -35.8%) 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 Bull Extreme with Market Energy 81.8%. 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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