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| Price | ▲ 0.66% | ▲ 0.15% | ▼ 0.79% | ▲ 0.05% |
| Energy | ▲ 23.6 | ▲ 13.7 | ▼ 54.1 | ▼ 31.1 |
Trend of Neutral WHEAT 1H
▸When WHEAT is in Neutral:
- then WHEAT moved to higher Market State: 527 times — 47.1%
- then WHEAT moved to lower Market State: 591 times — 52.9%
▸Current WHEAT market energy: -10.33%
- Distance to upper bound of Neutral (at 20.88%): 31.21%
- Distance to lower bound of Neutral (at -20.88%): 10.55%
"Does history really repeat itself?" — 2AITRADING
WHEAT classified into the balanced Bull/Bear state after the 1H candle completed.
Per the 2AiTrading energy measurement system, Market trend energy recorded a -31.1% drop from the previous candle, from 20.7% to -10.3%.
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 -96.2 to +74.8.
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 10:00 on 08-10-2024 closed, WHEAT was at 604.7, up 0.05% from the previous candle (604.405). Market Energy was -10.3%, down 31.1 points from 20.7%, 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 604.7, up 0.05% from the previous 1H candle (604.405). This rise is larger than 12% of past rises on the 1H timeframe for WHEAT, across 5,675 candles since 2019.
How did WHEAT Market Energy change from the previous candle?
Market Energy fell 31.1 percentage points from the previous candle — from 20.7% to -10.3%. This drop is larger than 82% of past drops on the 1H timeframe for WHEAT.
Do WHEAT price and energy agree?
No. This candle recorded a price rise with energy moving the other 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 20.7%, Neutral — this candle kept the same state, no zone change.
Where does WHEAT energy sit within the Neutral zone?
At -10.3%, WHEAT is 31.21 points from the upper boundary of Neutral (20.88%) and 10.55 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 Bear Bias with energy -50.6%; GER40 (European equities) in Bear Extreme with energy -89.3%. Against this backdrop, WHEAT (Neutral, -10.3%) 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 Bear Bias with Market Energy -21.9%. WHEAT energy is currently above DXY by 11.6 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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