Get started

Agricultural Commodities

Wheat Futures ( ZW1! ), H1 Bullish rise!Type : Bullish rise Resistance 1281'6 Pivot: 1240'6 Support : 1216'4 Preferred Case: With price above the ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 1281'6 in line with the horizontal swing high resistance from our pivot at 1240'6 in line with the horizontal swing low support. Alternative scenario: Alternatively, price may break pivot structure and head for 1st support at 1216'4 in line with the 50% Fibonacci retracement and horizontal swing low support. Fundamentals: No Major News Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
CBOT:ZW1!Long
by Genesiv
Wheat prices are soaring higher and here is why:As of now wheat was in bull rally, updating new ATH's, since the start of Russia's war against Ukraine. Russia and Ukraine control over 30% of world wheat exports and now Ukraine can't export it's wheat because of navy blockade, and Russia tightens it's wheat export policies planning to use it as a weapon against unfriendly countries later. A couple months ago India announced that it will replace Ukraine and Russia with it's own exports, however Mother Nature didn't like those plans as India soon got hit by anomalous heatwave of 40-45 degrees across whole country. Those, On 14th of May India banned wheat exports as crop predictions got considerably lower. European Wheat futures already updated All-time highs, trading above 430€ and I don't think we are ever close to reaching reversal. From technical standpoint we see triangle and we need to see longer accumulation before breaking current all-time high. What do you think of this idea? What is your opinion? Share it in the comments📄🖌 If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
CBOT:ZW1!Long
by Artem_Dishel
2
Wheat is soaring higher and will continue to grow. Here's why:As of now wheat was in bull rally, updating new ATH's, since the start of Russia's war against Ukraine. Russia and Ukraine control over 30% of world wheat exports and now Ukraine can't export it's wheat because of navy blockade, and Russia tightens it's wheat export policies planning to use it as a weapon against unfriendly countries later. A couple months ago India announced that it will replace Ukraine and Russia with it's own exports, however Mother Nature didn't like those plans as India soon got hit by anomalous heatwave of 40-45 degrees across whole country. Those, On 14th of May India banned wheat exports as crop predictions got considerably lower. European Wheat futures already updated All-time highs, trading above 430€ and I don't think we are ever close to reaching reversal. From technical standpoint we see triangle and we need more accumulation before breaking current all-time high. What do you think of this idea? What is your opinion? Share it in the comments📄🖌 If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
CBOT:ZW1!Long
by Artem_Dishel
What’s brewing with coffee futures?Like most commodities, London coffee futures saw a massive price uptrend in 2021. However, since the beginning of 2022, it's finally cooled off to an eight and half month low. As a silver lining, perhaps more interesting price action is currently heading our way. With a very sharp fall during the last two weeks of February it's since consolidated, trading between $2,000 and $2,200 per metric tonne. As of writing, London robusta coffee futures (LRC) are trading at $2,099 per metric tonne. For London coffee futures, May is typically a ranging month with price starting to pick up towards the second half of June. More often than not, highs of the year are made during the June and July months. However, seasonal trends will be butting up against the possibility that coffee prices are still overextended from 2021’s price hike. Where could coffee prices reasonably head? Looking at the daily chart with the Awesome Oscillator indicator, we can see some slight divergence. In spite of its undescriptive name, the Awesome Oscillator details trends and shifts in momentum. On the chart above, can see that the indicator is showing signs of a shifting momentum since the first week of March. With price consolidating, the indicator has slowly crept back up to its zero line, failing to keep correlation to the actual price and trend of the price chart. This could be a suggestion that price may make its way towards June and July highs. If so, the bigger question is if it will actually create the yearly high as well before making its way back down. In respect to fundamentals, it has been noted that Brazil is currently harvesting a record setting yield of robusta coffee beans. However, the risk of frost hitting Brazil’s crop might not have been priced into its current trading price. Start trading coffee futures with live and demo accounts today
L
by BlackBull_Markets
Coffee C Futures ( KC1! ), H1 Potential for Bullish bounceType : Bullish Bounce Resistance : 225.40 Pivot: 221.95 Support : 219.75 Preferred Case: With price moving above our ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 225.40 in line with the horizontal swing high resistance from our pivot of 221.95 in line with the 23.60% Fibonacci retracement and horizontal pullback support. Alternative scenario: Alternatively, price may break pivot structure and head for 1st support at 219.75 in line with the horizontal pullback support and 38.20% Fibonacci retracement. Fundamentals: No Major News Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ICEUS:KC1!Long
by Genesiv
Mar 12 22-Wheat Buy? Will it go to ATH?So is it time to buy? Wheat ended going on a tear today - straight up!! Question is .... for all of you who didn't get in on the profits today, do you get in now and go long? Or do you wait for a Sell Signal and go short? Hard to say - I did make some money today going long, but I TP wayyyyy too early. Anyway, now I'm in the same boat as you guys - get in now or wait? Went up 100 points at the evening open - I shoulda put in a Buy Order right away - missed that one too. Thoughts anyone? Heiko
CBOT:ZW1!
by HEIKOTradingSystem
Wheat Futures ( ZC1! ), H1 Potential for Bullish bounceType : Bullish Bounce Resistance : 1196'4 Pivot: 1154'2 Support : 1132'6 Preferred Case: With price moving above our ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance in line with the horizontal swing high resistance from our pivot of 1154'2 in line with the 38.2% Fibonacci retracement and and 78.6% Fibonacci project. Alternative scenario: Alternatively, price may break pivot structure and head for 1st support in line with the pullback support. Fundamentals: No Major News
CBOT:ZW1!Long
by Genesiv
Soy beans Futures ( ZS1! ), H1 Potential for Bearish ContinuatioType : Bearish Continuation Resistance : 1622'6 Pivot: 1611'2 Support : 1581'0 Preferred Case: With price expected to reverse off the ichimoku resistance and Fibonacci confluence area, we have a bearish bias that price will drop to our 1st support in line with the horizontal swing low support from our pivot of 1611'0 in line with the Fibonacci confluence area. Alternative scenario: Alternatively, price may break pivot structure and head for 1st resistance in line with the 50% Fibonacci retracement and 100% Fibonacci projection. Fundamentals: No Major News
CBOT:ZS1!Short
by Genesiv
CANE - Fertilizer Shortage TradeIt's a Brave New World. Fertilizer was facing a shortage going into 2022 (like most commodities, it has had a undersized amount of investment, with tech seeing most of the in flows) but after the Putin YOLO (that's my ELI5), potash is now in shortage. Using that fact as a basis for expanding my commodity thesis to include more food commodities. I picked CANE because of the chart. Sugar has not caught bids like soy and corn and it's chart is a screaming buy. Before smashing the market buy button like an ape, watch the long standing resistance level we are at right now. This resistance has held since 2017 so this is a critical level. I am expecting a retest at the 9.75 level where I will be looking at the volume response. I'm so itchy to buy that I might buy regardless of response, the tailwinds are simply too strong to ignore. It is taking a great deal of restraint to wait for a response but since it is such a vital level and I want the best entry possible, patience and watching volume response is the name of the game. I will update with entry price. Happy hunting, Good luck, and God speed.
AMEX:CANELong
by SloppySeconds
Soy beans Futures ( ZS1! ), H1 Potential for Bearish ContinuatioType : Bearish Continuation Resistance : 1622'6 Pivot: 1611'2 Support : 1581'0 Preferred Case: With price expected to reverse off the ichimoku resistance and Fibonacci confluence area, we have a bearish bias that price will drop to our 1st support in line with the horizontal swing low support from our pivot of 1611'0 in line with the Fibonacci confluence area. Alternative scenario: Alternatively, price may break pivot structure and head for 1st resistance in line with the 50% Fibonacci retracement and 100% Fibonacci projection. Fundamentals: No Major News
CBOT:ZS1!Short
by Genesiv
Wheat Futures ( ZW1! ), H1 Bullish rise!Type : Bullish rise Resistance 1132'6 Pivot: 1106'4 Support : 1084'4 Preferred Case: With price breaking above the ichimoku cloud and making a new high on the donchian channel, we have a bullish bias that price will rise to our 1st resistance in line with the horizontal swing high resistance and 100% Fibonacci projection from our pivot in line with the pullback support. Alternative scenario: Alternatively, price may break pivot structure and head for 1st support in line with the 50% Fibonacci retracement. Fundamentals: No Major News
CBOT:ZW1!Long
by Genesiv
🍭Sugar fever! Top of the trend ?● Sugar #11 - ICE (SB.F) 🕐 TF: 30D Fig.1 USX lb (pound) In Figure 1 , you can see the wave count from January 2021 . A continuation of the upward correction Ⓑ with the target zone 18.04-21.27 was predicted. At the moment, the set goal has been achieved, the corrective wave looks completed. The probability of resuming the decline by the final impulse Ⓒ of e of (IV) is high. _______________________________________ ● SUGARUSD - OANDA 🕐 TF: 1D Fig.2 An alternative wave count is marked in black, in which the minimum of 2020 , the level of 0.9051 , corresponds to the top of the supercycle (IV) . This counting option will become more relevant if the subsequent series of ascending zigzags, which at this stage is marked as (W)-(X)-(Y) of Ⓑ , takes the form of a diagonal . _______________________________________ ● SUGARUSD - OANDA 🕐 TF: 4h Fig.3 Provided that waves (1)-(2) are formed as part of the emerging bearish trend, the first of which goes beyond the top (X) and consolidates under the lower border of the rising channel, there will be a good prospect for a short position. _______________________________________ ❗ Disclaimer: — The owner of the TradeWaves-EWA © community is not responsible and has no direct or indirect obligations to the User/Customer in connection with any possible losses or financial damages related to any content of this community.
ICEUS:SB1!Short
by TradeWaves-EWA
Soy beans Futures ( ZS1! ), H1 Potential for Bearish ContinuatioType : Bearish Continuation Resistance : 1622'6 Pivot: 1611'2 Support : 1581'0 Preferred Case: With the ichimoku indicating some bearish momentum, we have a bearish bias that price will drop to our 1st support in line with the swing low support at 1581'0 from our pivot of 1611'2 in line with the 38.2%, 50% Fibonacci retracement and 78.6% Fibonacci projection. Alternative scenario: Alternatively, price may break pivot structure and head for 1st resistance in line with the 50% Fibonacci retracement and 100% Fibonacci projection. Fundamentals: No Major News
CBOT:ZS1!Short
by Genesiv
Wheat Futures ( ZW1! ), H1 Bullish rise!Type : Bullish rise Resistance 1132'6 Pivot: 1084'2 Support : 1068'2 Preferred Case: With price bouncing off the ichimoku cloud support, we have a bullish bias that price will rise to our 1st resistance in line with the horizontal swing high resistance from our pivot in line with the horizontal swing low support and 50% Fibonacci retracement. Alternative scenario: Alternatively, price may break pivot structure and head for 1st support in line with the 61.8% Fibonacci retracement. Fundamentals: No Major News
CBOT:ZW1!Long
by Genesiv