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| Price | ▼ 0.17% | ▲ 0.07% | ▲ 0.14% | ▼ 0.05% |
| Energy | ▼ 16.2 | ▼ 3.8 | ▲ 5.7 | ▼ 3.6 |
Trend of Neutral WHEAT 1H
▸When WHEAT is in Neutral:
- then WHEAT moved to higher Market State: 529 times — 47.2%
- then WHEAT moved to lower Market State: 592 times — 52.8%
▸Current WHEAT market energy: 10.9%
- Distance to upper bound of Neutral (at 20.88%): 9.98%
- Distance to lower bound of Neutral (at -20.88%): 31.78%
"A person's history reveals more than you might think" — 2AITRADING
Once measurement on the 1H timeframe completes, WHEAT classified as the balanced Bull/Bear state.
On the measurement side, Market Energy at 10.9%, down -3.6% from 14.5% in the previous candle.
Time in Neutral energy zone: 4 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 -70.4 to +99.9.
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 22-02-2024 closed, WHEAT was at 575.6, down 0.05% from the previous candle (575.905). Market Energy was 10.9%, down 3.6 points from 14.5%, in the Neutral state — the market is neutral. The Neutral zone spans -20.88% to 20.88%.
How much did WHEAT price move on this 1H candle, and how large is that historically?
WHEAT closed at 575.6, down 0.05% from the previous 1H candle (575.905). This drop is larger than 14% of past drops on the 1H timeframe for WHEAT, across 2,706 candles since 2019.
How did WHEAT Market Energy change from the previous candle?
Market Energy fell 3.6 percentage points from the previous candle — from 14.5% to 10.9%. This drop is larger than 28% 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 the candle that just closed; it does not say where price goes next.
What state was WHEAT in on the previous 1H candle?
The previous 1H candle had WHEAT at 14.5%, Neutral — this candle kept the same state, no zone change.
Where does WHEAT energy sit within the Neutral zone?
At 10.9%, WHEAT is 9.98 points from the upper boundary of Neutral (20.88%) and 31.78 points from the lower boundary (-20.88%) — so energy sits closer to the upper boundary at candle close.
What does Neutral mean?
Neutral is one of 7 Market States in 2AiTrading's Market Energy model, applied consistently across every asset class, market and timeframe.
See the full Neutral 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 Extreme with energy 93.4%; GER40 (European equities) in Bull Extreme with energy 88%. Against this backdrop, WHEAT (Neutral, 10.9%) 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 -56.1%. WHEAT energy is currently above DXY by 67 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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