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| Price | ▼ 1.29% | ▲ 8.30% | ▼ 2.79% | ▼ 7.35% |
| Energy | ▼ 12.8 | ▲ 2.1 | ▼ 10.5 | ▼ 81.9 |
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: -8.81%
- Distance to upper bound of Neutral (at 20.88%): 29.69%
- Distance to lower bound of Neutral (at -20.88%): 12.07%
"Past — present — future. The past and present are known. The future is yours" — 2AITRADING
After the system processes the Weekly candle, WHEAT in balanced trend energy.
Looking at the energy level, Market Energy at -8.8%, down -81.9% from 73.1% in the previous candle.
Time in Neutral 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 03-06-2024 closed, WHEAT was at 641.7, down 7.35% from the previous candle (692.6). Market Energy was -8.8%, down 81.9 points from 73.1%, 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 641.7, down 7.35% from the previous Weekly candle (692.6). This drop is larger than 93% of past drops on the Weekly timeframe for WHEAT, across 254 candles since 2019.
How did WHEAT Market Energy change from the previous candle?
Market Energy fell 81.9 percentage points from the previous candle — from 73.1% to -8.8%. This drop is larger than 97% 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 73.1%, Bull Critical — when this candle closed, WHEAT moved down to a lower zone: Bull Critical → Neutral.
Where does WHEAT energy sit within the Neutral zone?
At -8.8%, WHEAT is 29.69 points from the upper boundary of Neutral (20.88%) and 12.07 points from the lower boundary (-20.88%) — so energy sits closer to the lower 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 Bull Extreme with energy 93.5%; GER40 (European equities) in Bull Extreme with energy 99.1%. Against this backdrop, WHEAT (Neutral, -8.8%) 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 Neutral with Market Energy -11.8%. WHEAT energy is currently above DXY by 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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