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WHEAT is currently controlled by buyers, in the Bull Extreme zone. Measured energy: +93.1%.
See the full 2AiTrading Model data for WHEAT on the WHEAT overview →
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UP–DOWN statistics for 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: 588 times — 100%
▸Current WHEAT market energy: 93.07%
- Distance to peak 100%: 6.93%
- Distance to lower bound of Bull Extreme (at 74.5%): 18.57%
"Let data guide you, but never trust it completely" — 2AITRADING
The Bull Extreme zone determined for WHEAT through the 1H candle data.
Market movement just recorded on the 1H timeframe, Energy delta -4.8%: Market Energy at 93.1%, previously 97.9%.
Time in Bull Extreme energy zone: 10 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 -98.1 to +99.9.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What state was WHEAT on 1H when this candle closed?
When the 1H candle at 08:00 on 21-02-2024 closed, WHEAT was in Bull Extreme with Market Energy 93.1%, controlled by buyers. The Bull Extreme zone spans 74.5% to 100%.
How did WHEAT Market Energy change from the previous candle?
Market Energy fell 4.8 percentage points from the previous candle — from 97.9% to 93.1%.
What state was WHEAT in on the previous 1H candle?
The previous 1H candle had WHEAT at 97.9%, Bull Extreme — this candle kept the same state, no zone change.
Where does WHEAT energy sit within the Bull Extreme zone?
At 93.1%, WHEAT is 6.93 points from the upper boundary of Bull Extreme (100%) and 18.57 points from the lower boundary (74.5%) — so energy sits closer to the upper 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 Bias with energy 37.1%; GER40 (European equities) in Bull Critical with energy 62.7%. Against this backdrop, WHEAT (Bull Extreme, 93.1%) 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 Bear Bias with Market Energy -48%. 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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