Analysis

WHEAT 635.24 ↓0.16%: Bulls & Bears in a tug-of-war · 1H 00:00 Oct 24, 2026

·
Candle close
Price and energy
Open 636.49 · High 637.49 · Low 634.49 · Close 635.24 · Range (high − low) 3
WHEAT closed at 635.24, down 1 (-0.16%) from 636.24.
Bull–Bear energy behind the price: the market moved from the Neutral zone at 2.5% to Neutral at 7.8%, up 5.4 points.
Energy diverges from price.
Price and energy · last 4 candles
Price636.24632.61636.24635.24
Energy66.7%-20.0%2.5%7.8%
Price change↑ 0.28%↓ 0.57%↑ 0.57%↓ 0.16%
Energy change↑ 34.3↓ 86.7↑ 22.4↑ 5.4
Volatility trend chart · last 4 sessions
↑ 0.28%↓ 0.57%↑ 0.57%↓ 0.16%↑ 34.3↓ 86.7↑ 22.4↑ 5.4
Δ priceΔ energy↑ up · ↓ down
Volatility · vs history since 2019
Price down 0.16% — higher than 43% of past drops
0%255075100%
Energy up 5.4 pts — higher than 35% of past rises
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: 7.82%

  • Distance to upper bound of Neutral (at 20.88%): 13.06%
  • Distance to lower bound of Neutral (at -20.88%): 28.7%

"History always repeats itself, one way or another" — 2AITRADING

WHEAT · H1 · 2026-10-23 16:00 UTC
Preview the last 30 candles — price and energy
View live WHEAT chart →
Market Energy
2.5%
Neutral
7.8%
Neutral
Expected at
01:10
Zone
-20.88 – 20.88
Bias
Balanced
Explanation

Once measurement on the 1H timeframe completes, WHEAT reflects the neutral Bull/Bear zone.

At the 1H session close, Market Energy rose +5.4% from the previous candle, from 2.5% to 7.8%.

Time in Neutral energy zone: 3 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 00:00 on 23-10-2026, WHEAT was at 635.24, down 0.16% from the previous candle (636.24). Market Energy was 7.8%, up 5.4 points from 2.5%, 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 635.24, down 0.16% from the previous 1H candle (636.24). This drop is larger than 43% of past drops on the 1H timeframe for WHEAT, across 15,345 candles since 2019.

How did WHEAT Market Energy change from the previous candle?

Market Energy rose 5.4 percentage points from the previous candle — from 2.5% to 7.8%. This rise is larger than 35% of past rises on the 1H timeframe for WHEAT.

Do WHEAT price and energy agree?

No. On this candle price fell but energy rose — the two moved in opposite directions. 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 2.5%, Neutral — this candle kept the same state, no zone change.

Where does WHEAT energy sit within the Neutral zone?

At 7.8%, WHEAT is 13.06 points from the upper boundary of Neutral (20.88%) and 28.7 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 Bias with energy 59.2%; GER40 (European equities) in Neutral with energy 17.3%. Against this backdrop, WHEAT (Neutral, 7.8%) lower than SPX500; sits in the same state zone as 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 32.5%. WHEAT energy is currently below DXY by 24.7 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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