Analysis

WHEAT 632.61 ↓0.57%: Bulls & Bears in a tug-of-war · 1H 22:00 Oct 23, 2026

·
Candle close
Price and energy
Open 635.99 · High 637.24 · Low 632.49 · Close 632.61 · Range (high − low) 4.75
WHEAT closed at 632.61, down 3.63 (-0.57%) from 636.24.
Bull–Bear energy behind the price: the market moved from the Bull Critical zone at 66.7% to Neutral at -20.0%, down 86.7 points.
Price and energy are moving down together.
Price and energy · last 4 candles
Price633.99634.49636.24632.61
Energy-13.6%32.4%66.7%-20.0%
Price change↑ 0.20%↑ 0.08%↑ 0.28%↓ 0.57%
Energy change↑ 47.2↑ 46.0↑ 34.3↓ 86.7
Volatility trend chart · last 4 sessions
↑ 0.20%↑ 0.08%↑ 0.28%↓ 0.57%↑ 47.2↑ 46.0↑ 34.3↓ 86.7
Δ priceΔ energy↑ up · ↓ down
Volatility · vs history since 2019
Price down 0.57% — higher than 89% of past drops
0%255075100%
Energy down 86.7 pts — higher than 97% of past drops
Knowledge

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

RESEARCH

Trend of Neutral WHEAT 1H

Sample: 15,338 1H candles from 2023-07-26 to 2026-10-23
Number of Neutral occurrences: 1,141 times

▸When WHEAT is in Neutral:

  • then WHEAT moved to higher Market State: 540 times — 47.3%
  • then WHEAT moved to lower Market State: 601 times — 52.7%

▸Current WHEAT market energy: -19.95%

  • Distance to upper bound of Neutral (at 20.88%): 40.83%
  • Distance to lower bound of Neutral (at -20.88%): 0.93%

"To truly understand anything, study its history" — 2AITRADING

WHEAT · H1 · 2026-10-23 14:00 UTC
Preview the last 30 candles — price and energy
View live WHEAT chart →
Market Energy
66.7%
Bull Critical
-20.0%
Neutral
2.5%
Neutral
Zone
-20.88 – 20.88
Bias
Balanced
Explanation

Observing the completed 1H candle, WHEAT recorded in the Neutral level.

On the 2AiTrading energy system, Market Energy dropped -86.7% this candle, currently -20% (previous candle 66.7%).

Time in Neutral energy zone: 1 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 22:00 on 23-10-2026, WHEAT was at 632.61, down 0.57% from the previous candle (636.24). Market Energy was -20%, down 86.7 points from 66.7%, 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 632.61, down 0.57% from the previous 1H candle (636.24). This drop is larger than 89% of past drops on the 1H timeframe for WHEAT, across 15,343 candles since 2019.

How did WHEAT Market Energy change from the previous candle?

Market Energy fell 86.7 percentage points from the previous candle — from 66.7% to -20%. This drop is larger than 97% of past drops on the 1H 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 a closed candle, not a forecast of where price goes next.

What state was WHEAT in on the previous 1H candle?

The previous 1H candle had WHEAT at 66.7%, 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 -20%, WHEAT is 40.83 points from the upper boundary of Neutral (20.88%) and 0.93 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 Bias with energy 39.9%; GER40 (European equities) in Bear Bias with energy -52.2%. Against this backdrop, WHEAT (Neutral, -20%) has higher energy than GER40; lower than 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 Neutral with Market Energy -17.4%. WHEAT energy is currently below DXY by 2.6 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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