Analysis

·

Candle close
Price and energy
WHEAT from 593.2 to 593.2, flat 0.00%
Market Energy Bull Extreme 87.8% to Bull Extreme 87.6%, down 0.2 pts
Price and energy change · last 4 candles
Price▼ 0.05%▲ 0.29%▲ 0.08%0.00%
Energy▼ 4.6▲ 2.1▲ 1.9▼ 0.2
Volatility trend chart · last 4 sessions
▼ 0.05%▲ 0.29%▲ 0.08%0.00%▼ 4.6▲ 2.1▲ 1.9▼ 0.2
priceenergy▲ up · ▼ down
Volatility · vs history since 2019
Price flat 0.00%: not enough data to rank
0%255075100%
Energy down 0.2 pts — higher than 2% of past drops
RESEARCH

Trend of Bull Extreme WHEAT 1H

Sample: 15,101 1H candles from 2023-07-26 to 2026-10-06
Number of Bull Extreme occurrences: 612 times

▸When WHEAT is in Bull Extreme:

  • then WHEAT moved to higher Market State: 0 times — 0%
  • then WHEAT moved to lower Market State: 612 times — 100%

▸Current WHEAT market energy: 87.61%

  • Distance to peak 100%: 12.39%
  • Distance to lower bound of Bull Extreme (at 74.5%): 13.11%

"Past — present — future. The past and present are known. The future is yours" — 2AITRADING

WHEAT · H1 · 2024-10-24 02:00 UTC
Preview the last 30 candles — price and energy
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Market Energy
87.8%
Bull Extreme
87.6%
Bull Extreme
84.0%
Bull Extreme
Zone
74.5 – 100
Bias
Buyers in control
Explanation

WHEAT processing result: the Bull Extreme state after the 1H candle closed.

Market energy movement A -0.2% change from the previous candle, Market Energy is now 87.6% (previous: 87.8%).

Time in Bull Extreme energy zone: 7 1H Candle

2AiTrading Market Energy Model

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.

Market context
Historical perspective

Over the past 5 days, WHEAT Market Energy ranged from -100 to +97.6.

Knowledge

Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.

Frequently asked questions

What did WHEAT price and energy show when this 1H candle closed?

When the 1H candle at 09:00 on 24-10-2024 closed, WHEAT was at 593.2, unchanged 0% from the previous candle (593.2). Market Energy was 87.6%, down 0.2 points from 87.8%, in the Bull Extreme state — controlled by buyers. The Bull Extreme zone spans 74.5% to 100%.

How much did WHEAT price move on this 1H candle, and how large is that historically?

WHEAT closed at 593.2, unchanged 0% from the previous 1H candle (593.2).

How did WHEAT Market Energy change from the previous candle?

Market Energy fell 0.2 percentage points from the previous candle — from 87.8% to 87.6%. This drop is larger than 2% of past drops on the 1H timeframe for WHEAT.

Do WHEAT price and energy agree?

No. On this candle price held flat while energy moved. 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 87.8%, Bull Extreme — this candle kept the same state, no zone change.

Where does WHEAT energy sit within the Bull Extreme zone?

At 87.6%, WHEAT is 12.39 points from the upper boundary of Bull Extreme (100%) and 13.11 points from the lower boundary (74.5%) — so energy sits closer to the upper boundary at candle close.

What does Bull Extreme mean?

Bull Extreme 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 Extreme 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 33.6%; GER40 (European equities) in Neutral with energy 14.9%. Against this backdrop, WHEAT (Bull Extreme, 87.6%) 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 Neutral with Market Energy -2.5%. WHEAT energy is currently above DXY by 90.1 points.

Real-time Energy Chart

See the real-time energy chart for WHEAT.

Open Energy Chart
Related analysis
Methodology

Data computed by 2AiTrading's proprietary Market Energy model. Snapshot captured at candle close. See methodology →

See the full 2AiTrading Model data for WHEAT on the WHEAT overview →

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