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| Price | ▼ 0.20% | ▼ 0.08% | ▲ 0.05% | ▼ 0.15% |
| Energy | ▼ 20.9 | ▼ 11.9 | ▲ 2.2 | ▼ 7.2 |
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: -24.01%
- Distance to upper bound of Bear Bias (at -20.88%): 3.13%
- Distance to lower bound of Bear Bias (at -60%): 35.99%
"Past — present — future. The past and present are known. The future is yours" — 2AITRADING
Measurement result after the 1H candle closes, WHEAT within the energy zone leaning Bear.
On the energy side, Market Energy dropped -7.2% this candle, currently -24% (previous candle -16.8%).
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 -87.7 to +91.8.
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 13:00 on 07-02-2024 closed, WHEAT was at 598.2, down 0.15% from the previous candle (599.1). Market Energy was -24%, down 7.2 points from -16.8%, 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 598.2, down 0.15% from the previous 1H candle (599.1). This drop is larger than 40% of past drops on the 1H timeframe for WHEAT, across 2,516 candles since 2019.
How did WHEAT Market Energy change from the previous candle?
Market Energy fell 7.2 percentage points from the previous candle — from -16.8% to -24%. This drop is larger than 43% of past drops on the 1H timeframe for WHEAT.
Do WHEAT price and energy agree?
Yes. On this candle price fell and energy fell — both moved the same way. 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 -16.8%, 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 -24%, WHEAT is 3.13 points from the upper boundary of Bear Bias (-20.88%) and 35.99 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 Bull Bias with energy 37.6%; GER40 (European equities) in Bull Critical with energy 60.8%. Against this backdrop, WHEAT (Bear Bias, -24%) 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 Bear Bias with Market Energy -56.7%. WHEAT (Bear Bias) and DXY currently sit on the same Bear side.
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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