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WHEAT is currently controlled by buyers, in the Bull Bias zone. Measured energy: +41.1%.
See the full 2AiTrading Model data for WHEAT on the WHEAT overview →
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UP–DOWN statistics for Bull Bias WHEAT 1H
▸When WHEAT is in Bull Bias:
- then WHEAT moved to higher Market State: 421 times — 41.5%
- then WHEAT moved to lower Market State: 593 times — 58.5%
▸Current WHEAT market energy: 41.11%
- Distance to upper bound of Bull Bias (at 60%): 18.89%
- Distance to lower bound of Bull Bias (at 20.88%): 20.23%
"Why does archaeology matter?" — 2AITRADING
Right as the 1H candle closes, WHEAT in the energy state leaning Bull.
The WHEAT market at session end, Market Energy dropped -2.9% this candle, currently 41.1% (previous candle 44%).
Time in Bull Bias energy zone: 6 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 -99.2 to +99.6.
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 09:00 on 13-03-2024 closed, WHEAT was in Bull Bias with Market Energy 41.1%, controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How did WHEAT Market Energy change from the previous candle?
Market Energy fell 2.9 percentage points from the previous candle — from 44% to 41.1%.
What state was WHEAT in on the previous 1H candle?
The previous 1H candle had WHEAT at 44%, Bull Bias — this candle kept the same state, no zone change.
Where does WHEAT energy sit within the Bull Bias zone?
At 41.1%, WHEAT is 18.89 points from the upper boundary of Bull Bias (60%) and 20.23 points from the lower boundary (20.88%) — so energy sits closer to the upper boundary at candle close.
What does Bull Bias mean?
Bull 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 Bull 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 Critical with energy 62.6%; GER40 (European equities) in Bull Critical with energy 65.2%. Against this backdrop, WHEAT (Bull Bias, 41.1%) 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 Neutral with Market Energy 16.7%. WHEAT energy is currently above DXY by 24.4 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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