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| Price | ▲ 0.16% | ▲ 0.10% | ▲ 0.77% | ▼ 0.21% |
| Energy | ▲ 9.2 | ▲ 18.0 | ▲ 31.4 | ▼ 13.9 |
Trend of Bull Extreme WHEAT 1H
▸When WHEAT is in Bull Extreme:
- then WHEAT moved to higher Market State: 0 times — 0%
- then WHEAT moved to lower Market State: 613 times — 100%
▸Current WHEAT market energy: 77.91%
- Distance to peak 100%: 22.09%
- Distance to lower bound of Bull Extreme (at 74.5%): 3.41%
"Let data guide you, but never trust it completely" — 2AITRADING
Reading from the 1H candle, WHEAT noted at the Bull Extreme zone.
Market energy measurement A -13.9% change from the previous candle, Market Energy is now 77.9% (previous: 91.8%).
Time in Bull Extreme energy zone: 2 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 to +98.1.
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 19:00 on 02-02-2024 closed, WHEAT was at 613.7, down 0.21% from the previous candle (615). Market Energy was 77.9%, down 13.9 points from 91.8%, in the Bull Extreme state — controlled by buyers. The Bull Extreme zone spans 74.5% to 100%.
How much did WHEAT price move on this 1H candle, and how large is that historically?
WHEAT closed at 613.7, down 0.21% from the previous 1H candle (615). This drop is larger than 53% of past drops on the 1H timeframe for WHEAT, across 2,465 candles since 2019.
How did WHEAT Market Energy change from the previous candle?
Market Energy fell 13.9 percentage points from the previous candle — from 91.8% to 77.9%. This drop is larger than 63% of past drops on the 1H timeframe for WHEAT.
Do WHEAT price and energy agree?
Yes. This candle recorded price moving down 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 91.8%, Bull Extreme — this candle kept the same state, no zone change.
Where does WHEAT energy sit within the Bull Extreme zone?
At 77.9%, WHEAT is 22.09 points from the upper boundary of Bull Extreme (100%) and 3.41 points from the lower boundary (74.5%) — so energy sits closer to the lower boundary at candle close.
What does Bull Extreme mean?
Bull Extreme 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 Extreme 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 Critical with energy 73.5%; GER40 (European equities) in Bull Bias with energy 49.6%. Against this backdrop, WHEAT (Bull Extreme, 77.9%) 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 Bear Bias with Market Energy -26.2%. WHEAT (Bull Extreme) 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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