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| Price | ▲ 0.30% | ▲ 6.74% | ▼ 2.32% | ▲ 0.38% |
| Energy | ▼ 14.1 | ▲ 6.5 | ▼ 9.1 | ▼ 14.4 |
Trend of Bull Bias WHEAT Weekly
▸When WHEAT is in Bull Bias:
- then WHEAT moved to higher Market State: 24 times — 35.3%
- then WHEAT moved to lower Market State: 44 times — 64.7%
▸Current WHEAT market energy: 58.09%
- Distance to upper bound of Bull Bias (at 60%): 1.91%
- Distance to lower bound of Bull Bias (at 20.88%): 37.21%
"To truly understand anything, study its history" — 2AITRADING
As the Weekly session concludes, WHEAT within Bull Bias.
Market energy measurement Market Energy moved from 72.5% to 58.1%, down -14.4% from the previous candle.
Time in Bull Bias energy zone: 1 Weekly 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.
Not enough data in the past 5 days to show a range.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did WHEAT price and energy show when this Weekly candle closed?
When the Weekly candle at 07:00 on 24-06-2019 closed, WHEAT was at 528, up 0.38% from the previous candle (526). Market Energy was 58.1%, down 14.4 points from 72.5%, in the Bull Bias state — controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How much did WHEAT price move on this Weekly candle, and how large is that historically?
WHEAT closed at 528, up 0.38% from the previous Weekly candle (526).
How did WHEAT Market Energy change from the previous candle?
Market Energy fell 14.4 percentage points from the previous candle — from 72.5% to 58.1%.
Do WHEAT price and energy agree?
No. This candle recorded a price rise with energy moving the other way. This describes a closed candle, not a forecast of where price goes next.
What state was WHEAT in on the previous Weekly candle?
The previous Weekly candle had WHEAT at 72.5%, Bull Critical — when this candle closed, WHEAT moved down to a lower zone: Bull Critical → Bull Bias.
Where does WHEAT energy sit within the Bull Bias zone?
At 58.1%, WHEAT is 1.91 points from the upper boundary of Bull Bias (60%) and 37.21 points from the lower boundary (20.88%) — so energy sits closer to the upper boundary at candle close.
What does Bull Bias mean?
Bull Bias 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 Bias 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%; GER40 (European equities) in Bear Extreme with energy -85.3%. Against this backdrop, WHEAT (Bull Bias, 58.1%) 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 Extreme with Market Energy -92.4%. WHEAT (Bull Bias) and DXY currently sit on opposite sides.
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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