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| Price | ▼ 0.19% | ▲ 0.08% | ▼ 0.02% | ▲ 0.13% |
| Energy | ▼ 2.7 | ▼ 1.8 | ▼ 1.0 | ▼ 0.3 |
Trend of Bull Critical WHEAT 1H
▸When WHEAT is in Bull Critical:
- then WHEAT moved to higher Market State: 236 times — 32%
- then WHEAT moved to lower Market State: 501 times — 68%
▸Current WHEAT market energy: 65.87%
- Distance to upper bound of Bull Critical (at 74.5%): 8.63%
- Distance to lower bound of Bull Critical (at 60%): 5.87%
"A person's history reveals more than you might think" — 2AITRADING
WHEAT recorded in the near-extreme Bull energy state as the 1H candle ended.
Per the 2AI model, Market Energy moved from 66.2% to 65.9%, down -0.3% from the previous candle.
Time in Bull Critical 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 -80.7 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 09:00 on 03-10-2024 closed, WHEAT was at 623.5, up 0.13% from the previous candle (622.7). Market Energy was 65.9%, down 0.3 points from 66.2%, in the Bull Critical state — controlled by buyers. The Bull Critical zone spans 60% to 74.5%.
How much did WHEAT price move on this 1H candle, and how large is that historically?
WHEAT closed at 623.5, up 0.13% from the previous 1H candle (622.7). This rise is larger than 34% of past rises on the 1H timeframe for WHEAT, across 5,617 candles since 2019.
How did WHEAT Market Energy change from the previous candle?
Market Energy fell 0.3 percentage points from the previous candle — from 66.2% to 65.9%. This drop is larger than 3% of past drops on the 1H timeframe for WHEAT.
Do WHEAT price and energy agree?
No. Price moved up while energy moved down on this candle. 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 66.2%, Bull Critical — this candle kept the same state, no zone change.
Where does WHEAT energy sit within the Bull Critical zone?
At 65.9%, WHEAT is 8.63 points from the upper boundary of Bull Critical (74.5%) and 5.87 points from the lower boundary (60%) — so energy sits closer to the lower boundary at candle close.
What does Bull Critical mean?
Bull Critical 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 Critical 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 Bear Bias with energy -37.4%; GER40 (European equities) in Bear Bias with energy -44.8%. Against this backdrop, WHEAT (Bull Critical, 65.9%) has higher energy 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 Bull Extreme with Market Energy 75.4%. WHEAT (Bull Critical) 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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