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| Price | ▲ 4.18% | ▲ 1.05% | ▲ 7.60% | ▲ 0.76% |
| Energy | ▲ 9.4 | ▲ 11.2 | ▲ 64.1 | ▲ 24.9 |
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: 40.94%
- Distance to upper bound of Bull Bias (at 60%): 19.06%
- Distance to lower bound of Bull Bias (at 20.88%): 20.06%
"Does history really repeat itself?" — 2AITRADING
After the Weekly session ends, Market WHEAT in the energy state leaning Bull.
Per the 2AiTrading energy measurement system, The energy level rose +24.9%: from 16% now at 40.9%.
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 12-09-2022 closed, WHEAT was at 859.75, up 0.76% from the previous candle (853.25). Market Energy was 40.9%, up 24.9 points from 16%, 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 859.75, up 0.76% from the previous Weekly candle (853.25). This rise is larger than 16% of past rises on the Weekly timeframe for WHEAT, across 193 candles since 2019.
How did WHEAT Market Energy change from the previous candle?
Market Energy rose 24.9 percentage points from the previous candle — from 16% to 40.9%. This rise is larger than 72% of past rises on the Weekly timeframe for WHEAT.
Do WHEAT price and energy agree?
Yes. On this candle price rose and energy rose — both moved the same 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 16%, Neutral — when this candle closed, WHEAT moved up to a higher zone: Neutral → Bull Bias.
Where does WHEAT energy sit within the Bull Bias zone?
At 40.9%, WHEAT is 19.06 points from the upper boundary of Bull Bias (60%) and 20.06 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 Bull Bias with energy 59.9%; GER40 (European equities) in Bull Extreme with energy 91.4%. Against this backdrop, WHEAT (Bull Bias, 40.9%) lower than GER40; sits in the same state zone as SPX500.
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 16.7%. WHEAT energy is currently above DXY by 24.3 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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