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| Price | ▼ 2.04% | ▼ 3.36% | ▲ 4.50% | ▲ 2.95% |
| Energy | ▼ 1.5 | ▼ 20.8 | ▲ 18.5 | ▲ 46.4 |
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: 1.63%
- Distance to upper bound of Neutral (at 20.88%): 19.25%
- Distance to lower bound of Neutral (at -20.88%): 22.51%
"History always repeats itself, one way or another" — 2AITRADING
Right as the Weekly candle closes, WHEAT in neutral energy.
Looking at the Market Energy reading, Market trend energy recorded a +46.4% rise from the previous candle, from -44.8% to 1.6%.
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 02-09-2024 closed, WHEAT was at 569.2, up 2.95% from the previous candle (552.905). Market Energy was 1.6%, up 46.4 points from -44.8%, 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 569.2, up 2.95% from the previous Weekly candle (552.905). This rise is larger than 51% of past rises on the Weekly timeframe for WHEAT, across 267 candles since 2019.
How did WHEAT Market Energy change from the previous candle?
Market Energy rose 46.4 percentage points from the previous candle — from -44.8% to 1.6%. This rise is larger than 83% of past rises on the Weekly timeframe for WHEAT.
Do WHEAT price and energy agree?
Yes. Both price and energy moved up on this candle. 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 -44.8%, Bear Bias — when this candle closed, WHEAT moved up to a higher zone: Bear Bias → Neutral.
Where does WHEAT energy sit within the Neutral zone?
At 1.6%, WHEAT is 19.25 points from the upper boundary of Neutral (20.88%) and 22.51 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 Bull Critical with energy 62.6%; GER40 (European equities) in Bull Bias with energy 29.9%. Against this backdrop, WHEAT (Neutral, 1.6%) 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 Bias with Market Energy 54.1%. WHEAT energy is currently below DXY by 52.5 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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