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| Price | ▲ 0.23% | ▲ 0.03% | ▲ 0.19% | ▼ 0.07% |
| Energy | ▲ 9.1 | ▲ 0.5 | ▼ 9.1 | ▼ 19.2 |
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: 628 times — 58.6%
▸Current WHEAT market energy: 40.92%
- Distance to upper bound of Bull Bias (at 60%): 19.08%
- Distance to lower bound of Bull Bias (at 20.88%): 20.04%
"To truly understand anything, study its history" — 2AITRADING
WHEAT processing result: the Bull Bias state after the 1H candle closed.
Per the 2AiTrading energy measurement system, The energy level dropped -19.2%: from 60.1% now at 40.9%.
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 -96.9 to +88.3.
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 16:00 on 11-09-2024 closed, WHEAT was at 582.3, down 0.07% from the previous candle (582.7). Market Energy was 40.9%, down 19.2 points from 60.1%, 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 582.3, down 0.07% from the previous 1H candle (582.7). This drop is larger than 17% of past drops on the 1H timeframe for WHEAT, across 5,320 candles since 2019.
How did WHEAT Market Energy change from the previous candle?
Market Energy fell 19.2 percentage points from the previous candle — from 60.1% to 40.9%. This drop is larger than 71% of past drops on the 1H timeframe for WHEAT.
Do WHEAT price and energy agree?
Yes. On this candle price fell and energy fell — both moved the same way. 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 60.1%, Bull Critical — when this candle closed, WHEAT moved down to a lower zone: Bull Critical → Bull Bias.
Where does WHEAT energy sit within the Bull Bias zone?
At 40.9%, WHEAT is 19.08 points from the upper boundary of Bull Bias (60%) and 20.04 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 Bias with energy 35.2%; GER40 (European equities) in Neutral with energy -17.2%. Against this backdrop, WHEAT (Bull Bias, 40.9%) has higher energy than GER40; sits in the same state zone as SPX500.
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 1.9%. WHEAT energy is currently above DXY by 39 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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