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| Price | ▼ 0.06% | ▼ 0.09% | ▲ 0.24% | ▲ 0.04% |
| Energy | ▼ 5.3 | ▼ 8.8 | ▲ 58.3 | ▲ 47.6 |
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: 19.57%
- Distance to upper bound of Neutral (at 20.88%): 1.31%
- Distance to lower bound of Neutral (at -20.88%): 40.45%
"Why does archaeology matter?" — 2AITRADING
Once measurement on the 1H timeframe completes, WHEAT noted at the neutral energy level.
Per the 2AiTrading energy measurement system, The energy level rose +47.6%: from -28% now at 19.6%.
Time in Neutral 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 -93.2 to +68.6.
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 02-12-2024 closed, WHEAT was at 545.2, up 0.04% from the previous candle (545). Market Energy was 19.6%, up 47.6 points from -28%, 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 545.2, up 0.04% from the previous 1H candle (545). This rise is larger than 10% of past rises on the 1H timeframe for WHEAT, across 6,388 candles since 2019.
How did WHEAT Market Energy change from the previous candle?
Market Energy rose 47.6 percentage points from the previous candle — from -28% to 19.6%. This rise is larger than 89% of past rises on the 1H timeframe for WHEAT.
Do WHEAT price and energy agree?
Yes. Both price and energy moved up 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 -28%, Bear Bias — when this candle closed, WHEAT moved up to a higher zone: Bear Bias → Neutral.
Where does WHEAT energy sit within the Neutral zone?
At 19.6%, WHEAT is 1.31 points from the upper boundary of Neutral (20.88%) and 40.45 points from the lower boundary (-20.88%) — so energy sits closer to the upper 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 40.3%; GER40 (European equities) in Bull Extreme with energy 83.2%. Against this backdrop, WHEAT (Neutral, 19.6%) lower 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 Critical with Market Energy 69.4%. WHEAT energy is currently below DXY by 49.8 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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