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Trend of Neutral WHEAT 1H
▸When WHEAT is in Neutral:
- then WHEAT moved to higher Market State: 507 times — 47.3%
- then WHEAT moved to lower Market State: 564 times — 52.7%
▸Current WHEAT market energy: 12.56%
- Distance to upper bound of Neutral (at 20.88%): 8.32%
- Distance to lower bound of Neutral (at -20.88%): 33.44%
"A person's history reveals more than you might think" — 2AITRADING
The neutral energy state determined for WHEAT through the 1H candle data.
Per the 2AiTrading energy measurement system, Market trend energy recorded a -46.7% drop from the previous candle, from 59.2% to 12.6%.
Time in Neutral 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 -92.6 to +90.1.
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 20:00 on 17-04-2024 closed, WHEAT was in Neutral with Market Energy 12.6%, the market is neutral. The Neutral zone spans -20.88% to 20.88%.
How did WHEAT Market Energy change from the previous candle?
Market Energy fell 46.7 percentage points from the previous candle — from 59.2% to 12.6%.
What state was WHEAT in on the previous 1H candle?
The previous 1H candle had WHEAT at 59.2%, Bull Bias — when this candle closed, WHEAT moved down to a lower zone: Bull Bias → Neutral.
Where does WHEAT energy sit within the Neutral zone?
At 12.6%, WHEAT is 8.32 points from the upper boundary of Neutral (20.88%) and 33.44 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 Bias with energy 54.5%; GER40 (European equities) in Bull Bias with energy 45%. Against this backdrop, WHEAT (Neutral, 12.6%) 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 -12.2%. WHEAT energy is currently above DXY by 24.8 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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