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| Price | ▼ 0.21% | ▲ 0.58% | ▼ 0.50% | ▼ 0.14% |
| Energy | ▼ 22.0 | ▲ 13.2 | ▼ 23.6 | ▼ 22.9 |
Trend of Neutral WHEAT 1H
▸When WHEAT is in Neutral:
- then WHEAT moved to higher Market State: 529 times — 47.2%
- then WHEAT moved to lower Market State: 592 times — 52.8%
▸Current WHEAT market energy: -16.88%
- Distance to upper bound of Neutral (at 20.88%): 37.76%
- Distance to lower bound of Neutral (at -20.88%): 4%
"A person's history reveals more than you might think" — 2AITRADING
As the 1H candle closes, WHEAT recorded in the Bull/Bear balanced state.
The energy side shows A -22.9% change from the previous candle, Market Energy is now -16.9% (previous: 6.1%).
Time in Neutral 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 -96.4 to +96.8.
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 01:00 on 01-10-2024 closed, WHEAT was at 591.2, down 0.14% from the previous candle (592). Market Energy was -16.9%, down 22.9 points from 6.1%, in the Neutral state — the market is neutral. The Neutral zone spans -20.88% to 20.88%.
How much did WHEAT price move on this 1H candle, and how large is that historically?
WHEAT closed at 591.2, down 0.14% from the previous 1H candle (592). This drop is larger than 34% of past drops on the 1H timeframe for WHEAT, across 5,576 candles since 2019.
How did WHEAT Market Energy change from the previous candle?
Market Energy fell 22.9 percentage points from the previous candle — from 6.1% to -16.9%. This drop is larger than 75% of past drops on the 1H timeframe for WHEAT.
Do WHEAT price and energy agree?
Yes. Both price and energy moved down 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 6.1%, Neutral — this candle kept the same state, no zone change.
Where does WHEAT energy sit within the Neutral zone?
At -16.9%, WHEAT is 37.76 points from the upper boundary of Neutral (20.88%) and 4 points from the lower boundary (-20.88%) — so energy sits closer to the lower 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 21.6%; GER40 (European equities) in Neutral with energy -18.8%. Against this backdrop, WHEAT (Neutral, -16.9%) lower 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 Bull Critical with Market Energy 68%. WHEAT energy is currently below DXY by 84.9 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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