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| Price | ▼ 4.48% | ▼ 2.33% | ▼ 1.05% | ▼ 2.53% |
| Energy | ▼ 14.7 | ▼ 43.5 | ▼ 30.9 | ▼ 18.5 |
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: -50.72%
- Distance to upper bound of Bear Bias (at -20.88%): 29.84%
- Distance to lower bound of Bear Bias (at -60%): 9.28%
"Past — present — future. The past and present are known. The future is yours" — 2AITRADING
Right as the Weekly candle closes, WHEAT noted at the Market Energy state leaning Bear.
Market trend on the 2AiTrading energy system Market Energy dropped -18.5% from the previous session, from -32.2% to -50.7%.
Time in Bear Bias energy zone: 2 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 24-10-2022 closed, WHEAT was at 829.25, down 2.53% from the previous candle (850.75). Market Energy was -50.7%, down 18.5 points from -32.2%, 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 829.25, down 2.53% from the previous Weekly candle (850.75). This drop is larger than 53% of past drops on the Weekly timeframe for WHEAT, across 199 candles since 2019.
How did WHEAT Market Energy change from the previous candle?
Market Energy fell 18.5 percentage points from the previous candle — from -32.2% to -50.7%. This drop is larger than 62% of past drops on the Weekly timeframe for WHEAT.
Do WHEAT price and energy agree?
Yes. This candle recorded price moving down 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 -32.2%, Bear Bias — this candle kept the same state, no zone change.
Where does WHEAT energy sit within the Bear Bias zone?
At -50.7%, WHEAT is 29.84 points from the upper boundary of Bear Bias (-20.88%) and 9.28 points from the lower boundary (-60%) — so energy sits closer to the lower 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 64.1%; GER40 (European equities) in Bull Extreme with energy 96%. Against this backdrop, WHEAT (Bear Bias, -50.7%) 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 Bear Bias with Market Energy -29.2%. WHEAT (Bear Bias) and DXY currently sit on the same Bear side.
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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