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WHEAT is currently controlled by buyers, in the Bull Bias zone. Measured energy: +37.1%.
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: 424 times — 41.7%
- then WHEAT moved to lower Market State: 594 times — 58.3%
▸Current WHEAT market energy: 37.12%
- Distance to upper bound of Bull Bias (at 60%): 22.88%
- Distance to lower bound of Bull Bias (at 20.88%): 16.24%
"History always repeats itself, one way or another" — 2AITRADING
From the just-closed 1H candle data, WHEAT currently in the Bull Bias state.
Market trend energy Energy delta -43.9%: Market Energy at 37.1%, previously 81.1%.
Time in Bull Bias 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 -93.5 to +99.5.
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 14:00 on 30-08-2024 closed, WHEAT was in Bull Bias with Market Energy 37.1%, 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 43.9 percentage points from the previous candle — from 81.1% to 37.1%.
What state was WHEAT in on the previous 1H candle?
The previous 1H candle had WHEAT at 81.1%, Bull Extreme — when this candle closed, WHEAT moved down to a lower zone: Bull Extreme → Bull Bias.
Where does WHEAT energy sit within the Bull Bias zone?
At 37.1%, WHEAT is 22.88 points from the upper boundary of Bull Bias (60%) and 16.24 points from the lower boundary (20.88%) — so energy sits closer to the lower 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 18.2%; GER40 (European equities) in Bull Bias with energy 46.6%. Against this backdrop, WHEAT (Bull Bias, 37.1%) has higher energy than SPX500; sits in the same state zone as 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 -24.3%. WHEAT (Bull Bias) 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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