Analysis

WHEAT 635.99 ↓0.08%: Bulls & Bears in a tug-of-war · 1H 12:00 Oct 23, 2026

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Candle close
Price and energy
Open 636.61 · High 636.74 · Low 635.99 · Close 635.99 · Range (high − low) 0.75
WHEAT closed at 635.99, down 0.5 (-0.08%) from 636.49.
Bull–Bear energy behind the price: the market moved from the Neutral zone at -8.9% to Neutral at -13.4%, down 4.5 points.
Second straight down candle, price and energy are moving down together.
Price and energy · last 4 candles
Price636.99637.49636.49635.99
Energy-7.1%-5.9%-8.9%-13.4%
Price change↓ 0.08%↑ 0.08%↓ 0.16%↓ 0.08%
Energy change↑ 11.7↑ 1.2↓ 3.0↓ 4.5
Volatility trend chart · last 4 sessions
↓ 0.08%↑ 0.08%↓ 0.16%↓ 0.08%↑ 11.7↑ 1.2↓ 3.0↓ 4.5
Δ priceΔ energy↑ up · ↓ down
Volatility · vs history since 2019
Price down 0.08% — higher than 21% of past drops
0%255075100%
Energy down 4.5 pts — higher than 31% of past drops
Knowledge

Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.

RESEARCH

Trend of Neutral WHEAT 1H

Sample: 15,319 1H candles from 2023-07-26 to 2026-10-22
Number of Neutral occurrences: 1,139 times

▸When WHEAT is in Neutral:

  • then WHEAT moved to higher Market State: 540 times — 47.4%
  • then WHEAT moved to lower Market State: 599 times — 52.6%

▸Current WHEAT market energy: -13.39%

  • Distance to upper bound of Neutral (at 20.88%): 34.27%
  • Distance to lower bound of Neutral (at -20.88%): 7.49%

"Why does archaeology matter?" — 2AITRADING

WHEAT · H1 · 2026-10-23 04:00 UTC
Preview the last 30 candles — price and energy
View live WHEAT chart →
Market Energy
-8.9%
Neutral
-13.4%
Neutral
Expected at
13:10
Zone
-20.88 – 20.88
Bias
Balanced
Explanation

From the just-closed 1H candle data, WHEAT shows the balanced energy state.

Market energy movement Market Energy dropped -4.5% this candle, currently -13.4% (previous candle -8.9%).

Time in Neutral energy zone: 5 1H Candle

2AiTrading Market Energy Model

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.

Market context
Historical perspective

Over the past 5 days, WHEAT Market Energy ranged from -99.8 to 92.8.

Frequently asked questions

What did WHEAT price and energy show when this 1H candle closed?

When the 1H candle closed at 12:00 on 23-10-2026, WHEAT was at 635.99, down 0.08% from the previous candle (636.49). Market Energy was -13.4%, down 4.5 points from -8.9%, 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 1H candle, and how large is that historically?

WHEAT closed at 635.99, down 0.08% from the previous 1H candle (636.49). This drop is larger than 21% of past drops on the 1H timeframe for WHEAT, across 15,333 candles since 2019.

How did WHEAT Market Energy change from the previous candle?

Market Energy fell 4.5 percentage points from the previous candle — from -8.9% to -13.4%. This drop is larger than 31% of past drops on the 1H timeframe for WHEAT.

Do WHEAT price and energy agree?

Yes. Both price and energy moved down 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 1H candle?

The previous 1H candle had WHEAT at -8.9%, Neutral — this candle kept the same state, no zone change.

Where does WHEAT energy sit within the Neutral zone?

At -13.4%, WHEAT is 34.27 points from the upper boundary of Neutral (20.88%) and 7.49 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 Neutral with energy -16%; GER40 (European equities) in Bear Bias with energy -58.4%. Against this backdrop, WHEAT (Neutral, -13.4%) 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 Critical with Market Energy 60.8%. WHEAT energy is currently below DXY by 74.2 points.

Real-time Energy Chart

See the real-time energy chart for WHEAT.

Open Energy Chart
Related analysis
Methodology

Data computed by 2AiTrading's proprietary Market Energy model. Snapshot captured at candle close. See methodology →

See the full 2AiTrading Model data for WHEAT on the WHEAT overview →

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