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| Price | ▲ 0.18% | ▼ 0.03% | ▼ 0.43% | ▲ 0.37% |
| Energy | ▼ 6.3 | ▼ 4.4 | ▼ 16.1 | ▲ 0.1 |
Trend of Bull Critical WHEAT 1H
▸When WHEAT is in Bull Critical:
- then WHEAT moved to higher Market State: 236 times — 32%
- then WHEAT moved to lower Market State: 501 times — 68%
▸Current WHEAT market energy: 60.12%
- Distance to upper bound of Bull Critical (at 74.5%): 14.38%
- Distance to lower bound of Bull Critical (at 60%): 0.12%
"To truly understand anything, study its history" — 2AITRADING
WHEAT classified into the near-peak Bull trend energy zone after the 1H candle completed.
Market energy movement A +0.1% change from the previous candle, Market Energy is now 60.1% (previous: 60.1%).
Time in Bull Critical 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 -88.9 to +98.8.
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 08:00 on 23-01-2024 closed, WHEAT was at 603.1, up 0.37% from the previous candle (600.905). Market Energy was 60.1%, up 0.1 points from 60.1%, in the Bull Critical state — controlled by buyers. The Bull Critical zone spans 60% to 74.5%.
How much did WHEAT price move on this 1H candle, and how large is that historically?
WHEAT closed at 603.1, up 0.37% from the previous 1H candle (600.905). This rise is larger than 74% of past rises on the 1H timeframe for WHEAT, across 2,302 candles since 2019.
How did WHEAT Market Energy change from the previous candle?
Market Energy rose 0.1 percentage points from the previous candle — from 60.1% to 60.1%. This rise is larger than 0% 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 60.1%, Bull Critical — this candle kept the same state, no zone change.
Where does WHEAT energy sit within the Bull Critical zone?
At 60.1%, WHEAT is 14.38 points from the upper boundary of Bull Critical (74.5%) and 0.12 points from the lower boundary (60%) — so energy sits closer to the lower boundary at candle close.
What does Bull Critical mean?
Bull Critical 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 Critical 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 16.8%; GER40 (European equities) in Bull Bias with energy 54.9%. Against this backdrop, WHEAT (Bull Critical, 60.1%) 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 13.7%. WHEAT energy is currently above DXY by 46.4 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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