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| Price | ▼ 5.40% | ▼ 1.59% | ▼ 2.24% | ▲ 5.19% |
| Energy | ▼ 20.7 | ▼ 32.1 | ▼ 20.1 | ▲ 23.4 |
Trend of Bear Bias WHEAT Weekly
▸When WHEAT is in Bear Bias:
- then WHEAT moved to higher Market State: 44 times — 58.7%
- then WHEAT moved to lower Market State: 31 times — 41.3%
▸Current WHEAT market energy: -24.52%
- Distance to upper bound of Bear Bias (at -20.88%): 3.64%
- Distance to lower bound of Bear Bias (at -60%): 35.48%
"Past — present — future. The past and present are known. The future is yours" — 2AITRADING
Reading from the Weekly candle, WHEAT noted at the Market Energy zone leaning Bear.
Meanwhile, The energy level rose +23.4%: from -47.9% now at -24.5%.
Time in Bear Bias energy zone: 3 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 17-01-2022 closed, WHEAT was at 780, up 5.19% from the previous candle (741.5). Market Energy was -24.5%, up 23.4 points from -47.9%, in the Bear Bias state — controlled by sellers. The Bear Bias zone spans -60% to -20.88%.
How much did WHEAT price move on this Weekly candle, and how large is that historically?
WHEAT closed at 780, up 5.19% from the previous Weekly candle (741.5). This rise is larger than 78% of past rises on the Weekly timeframe for WHEAT, across 159 candles since 2019.
How did WHEAT Market Energy change from the previous candle?
Market Energy rose 23.4 percentage points from the previous candle — from -47.9% to -24.5%. This rise is larger than 67% of past rises on the Weekly timeframe for WHEAT.
Do WHEAT price and energy agree?
Yes. This candle recorded price moving up in the same direction as energy. This describes the candle that just closed; it does not say where price goes next.
What state was WHEAT in on the previous Weekly candle?
The previous Weekly candle had WHEAT at -47.9%, Bear Bias — this candle kept the same state, no zone change.
Where does WHEAT energy sit within the Bear Bias zone?
At -24.5%, WHEAT is 3.64 points from the upper boundary of Bear Bias (-20.88%) and 35.48 points from the lower boundary (-60%) — so energy sits closer to the upper boundary at candle close.
What does Bear Bias mean?
Bear 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 Bear 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 Bull Critical with energy 60.8%; GER40 (European equities) in Bull Bias with energy 50.5%. Against this backdrop, WHEAT (Bear Bias, -24.5%) 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 74%. WHEAT (Bear 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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