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| Price | ▼ 0.15% | ▼ 0.03% | ▲ 0.52% | ▲ 0.09% |
| Energy | ▼ 0.8 | ▼ 1.2 | ▲ 28.1 | ▲ 16.4 |
Trend of Bull Bias WHEAT 1H
▸When WHEAT is in Bull Bias:
- then WHEAT moved to higher Market State: 444 times — 41.4%
- then WHEAT moved to lower Market State: 629 times — 58.6%
▸Current WHEAT market energy: 49.36%
- Distance to upper bound of Bull Bias (at 60%): 10.64%
- Distance to lower bound of Bull Bias (at 20.88%): 28.48%
"If history reveals a pattern, remember — nothing is ever absolutely 100%" — 2AITRADING
Observing the completed 1H candle, WHEAT in the energy zone tilted toward Bull.
Per the 2AI model, Market Energy at 49.4%, up +16.4% from 32.9% in the previous candle.
Time in Bull Bias energy zone: 2 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 -95.2 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 08-05-2024 closed, WHEAT was at 650.905, up 0.09% from the previous candle (650.3). Market Energy was 49.4%, up 16.4 points from 32.9%, in the Bull Bias state — controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How much did WHEAT price move on this 1H candle, and how large is that historically?
WHEAT closed at 650.905, up 0.09% from the previous 1H candle (650.3). This rise is larger than 26% of past rises on the 1H timeframe for WHEAT, across 3,704 candles since 2019.
How did WHEAT Market Energy change from the previous candle?
Market Energy rose 16.4 percentage points from the previous candle — from 32.9% to 49.4%. This rise is larger than 67% of past rises on the 1H timeframe for WHEAT.
Do WHEAT price and energy agree?
Yes. Both price and energy moved up on this candle. 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 32.9%, Bull Bias — this candle kept the same state, no zone change.
Where does WHEAT energy sit within the Bull Bias zone?
At 49.4%, WHEAT is 10.64 points from the upper boundary of Bull Bias (60%) and 28.48 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 Neutral with energy 4.4%; GER40 (European equities) in Bull Extreme with energy 83.2%. Against this backdrop, WHEAT (Bull Bias, 49.4%) has higher energy than SPX500; lower than 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 Bull Extreme with Market Energy 80.2%. WHEAT (Bull Bias) and DXY currently sit on the same Bull 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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