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| Price | ▼ 0.76% | ▲ 1.55% | ▼ 0.10% | ▼ 1.32% |
| Energy | ▼ 14.9 | ▲ 9.3 | ▲ 1.9 | ▼ 8.2 |
Trend of Neutral WHEAT Weekly
▸When WHEAT is in Neutral:
- then WHEAT moved to higher Market State: 38 times — 46.9%
- then WHEAT moved to lower Market State: 43 times — 53.1%
▸Current WHEAT market energy: 5.66%
- Distance to upper bound of Neutral (at 20.88%): 15.22%
- Distance to lower bound of Neutral (at -20.88%): 26.54%
"If history reveals a pattern, remember — nothing is ever absolutely 100%" — 2AITRADING
Right as the Weekly candle closes, WHEAT reflects the Neutral energy level.
End-of-session update for Weekly, Market trend energy recorded a -8.2% drop from the previous candle, from 13.9% to 5.7%.
Time in Neutral energy zone: 5 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 05-02-2024 closed, WHEAT was at 600, down 1.32% from the previous candle (608). Market Energy was 5.7%, down 8.2 points from 13.9%, 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 Weekly candle, and how large is that historically?
WHEAT closed at 600, down 1.32% from the previous Weekly candle (608). This drop is larger than 29% of past drops on the Weekly timeframe for WHEAT, across 237 candles since 2019.
How did WHEAT Market Energy change from the previous candle?
Market Energy fell 8.2 percentage points from the previous candle — from 13.9% to 5.7%. This drop is larger than 27% of past drops on the Weekly timeframe for WHEAT.
Do WHEAT price and energy agree?
Yes. On this candle price fell and energy fell — both moved the same way. 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 13.9%, Neutral — this candle kept the same state, no zone change.
Where does WHEAT energy sit within the Neutral zone?
At 5.7%, WHEAT is 15.22 points from the upper boundary of Neutral (20.88%) and 26.54 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 Neutral with energy 8.1%; GER40 (European equities) in Bear Bias with energy -50.2%. Against this backdrop, WHEAT (Neutral, 5.7%) has higher energy 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 Bull Extreme with Market Energy 84.5%. WHEAT energy is currently below DXY by 78.8 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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