SEB teasing a breakoutFundamentals: ~1mil shares, new $2.25 dividend, EPS over $103
Technicals: retesting high tested multiple times before.
Agricultural Commodities
Waiting game on wheatConsolidation in price could lead to another strong move to the upside. Finding support near a lower medium line and inner warning line on two schiff pitchforks. Retracement from the high at 62%, but need to wait for confirmation of upward move.
$SBUX Key Levels, Analysis, & Targets$SBUX Key Levels, Analysis, & Targets
So I do think that here I’m going to start with target 2 - but target 1 might catch it. I’m still aiming for 2.
Swing setup
1 at 79.11
1 at 71.06
2 at 60.85
4 at 50.02
(Then multiply by your multiplier (x5, x10, x100, x1000, etc to find your position size)
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I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
IF you need anything analyzed Technically just comment with the Ticker and I’ll do it as soon as possible…
Long on sugarLook for this to move higher shortly or will it correct some more? I think we have another wave (V) up to complete this wave. But there is some bearish divergence building up on the RSI
So I think there is another corrective wave (C) down to form a running or expanding flat
Long on sugar, small correction then upSitting through a small correction on Sugar (hopefully) this may go down to the upper medium line to hit support and then start a Wave V to the upside to target the outer warning line of the pitchfork. This is inline with a previous high which may form resistance.
Wheat futures are momentum! | 7th April 2022Title: Wheat Futures (ZW1!), H4 Bearish Dip
Type : Bearish Dip
Resistance : 1064'0
Pivot: 1031'6
Support : 982'2
Preferred Case: Prices are on bearish momentum and abiding by a descending trendline We see the potential for a dip from our Pivot at 1031'6 in line with 50% Fibonacci Retracement towards our 1st support at 982'0 in line with 100% Fibonacci Projection . Prices are trading below our ichimoku cloud resistance, further supporting our bearish bias.
Alternative scenario: Price might continue to climb towards the 1st resistance level of 1064'0 in line with 50% Fibonacci retracement and 61.8% Fibonacci Projection.
Fundamentals: No Major News
Continuous Corn SpreadsWhen carry out stocks are plentiful and the market structure is more definable, spreads seem easy to manage.
In the current domestic and world market structure of strong demand and less supply, it seems that trying to add value to hedges with capturing carry may be more of a risk play.
It is wise to manage the risks we know and the risks we can.
Carry Spreads have their limits, Inverse markets have no Rules
Continuous Bean SpreadsWhen carry out stocks are plentiful and the market structure is more definable, spreads seem easy to manage.
In the current domestic and world market structure of strong demand and less supply, it seems that trying to add value to hedges with capturing carry may be more of a risk play.
It is wise to manage the risks we know and the risks we can.
Carry Spreads have their limits, Inverse markets have no Rules
Wheat Futures (ZW1!), H4 Bearish DipType : Bearish Dip
Resistance : 1075'6
Pivot: 1036'6
Support : 982'0
Preferred Case: Prices have approached our Pivot at 1036'6 in line with 61.8% Fibonacci Retracement. We see the potential for a dip from our Pivot at 1036'6 towards our 1st support at 982'0 in line with 61.8% Fibonacci Projection. Prices are trading below our ichimoku cloud resistance, further supporting our bearish bias.
Alternative scenario: Price might continue to climb towards the 1st resistance level of 1075'6 in line with 100% Fibonacci projection.
Fundamentals: No Major News
KC1! Coffee Futures Coffee Futures
Held onto the $220 support area , sprung and broke that supply line creating the dragon pattern and maturing into a bearish bat harmonic which has a PCZ of $254
Soybeans Future (ZS1!), H1 Bearish dropType : Bearish drop
Resistance : 1643'2
Pivot: 1623'2
Support : 1579'6
Preferred case: With price moving below the ichimoku cloud and expected to reverse off the stochastics indicator, we see a potential bearish dip from our Pivot at 1623'2 in line 38.2% Fibonacci retracement towards our 1st support at 1579'6 in line with the horizontal swing low support and 161.8% Fibonacci extension.
Alternative scenario: Alternatively, if price breaks our pivot structure, it may head for 1st resistance at 1643'2 in line with the 61.8% Fibonacci retracement and horizontal pullback resistance.
KC Wheat - Weekly continuousUsing the low to high retracements, KC Wheat is currently finding consolidation of support in the 10.20 area. Below 10.00, lower targets remain at 9.56 and 8.62. Volume based risk down at 8.07.
If we can confirm the recent low at 9.93 I will draw upside retracement targets. For now resistance above at 10.75 to 10.95.
Soybeans - November22 WeeklyNew Crop beans quickly moved up to fill the primary (162% retracement) target at 14.14 and continued further to 15.55. The Close below the blue Tenkan line will have Nov22 beans searching for price action down to the red Kijun line at 13.74. Volume by price is running low below 14.00 and that should concern the bulls as further risk would be in the 13.10 area.
New upside targets will be made on a confirmed low. Until then, the 14.60 area offers strong resistance above.
Soybeans - May DailyFriday’s break into the cloud has the look for the short-term outlook to have a change in trend. From bullish to 1. Sideways or 2. Bearish….The blue tenkan line is about to cross under the red kijun line. The lagging indicator (gray line) is attempting to pass through and below previous price action. **notice the volatile activity during the time that the gray line is currently at **
Also the break of the uptrend lined and the move below the 24% retracement is concerning for a potential change in trend.
Targets below at 15.47 and then 14.82.
Because this is a daily chart, beans could still find support at any level and at least find a wide range to chop around in for some time.
I will look for upside targets once a pivot low is confirmed. Resistance is strong at 16.75
Soybeans - Weekly continuousThe 17.59 high left behind the week of Feb 22 had price action accelerate into the bull trap area (113%-127% retracements) and quickly fell back to close lower for the week. We had since moved up, but beans failed to find bullish energy to make a new high.
The weekly close below the blue Tenkan line has the bulls on alert. Support below at 15.48 and then 14.75-14.69. There is a void in volume below 15.25 down to 14.25 that could be important in identifying risk the next few weeks. Risk at 14.25 to 13.66.
Should beans get a weekly close back above the blue Tenkan line, upside targets will remain valid with the big picture primary target at 19.67
Corn - Weekly ContinuousPrice stalled out in the bull trap area between 7.66 and 8.00 after placing the 7.82 high.
Bull Trap- Mark a new high and clear out any stop orders above previous highs but fail above in the 113%-127% retracement area.
Open interest has been trending lower since last year’s breakout into this bull market. Funds are near record long already but with the amount of money in all markets, it should not surprise to see more fund length enter our commodity space. I feel that the end users control this next move. If they feel the pressure to extend their coverage, I expect the Funds to follow their lead and enter the long side of this market. Any extension to open interest should be positive to Corn prices…. Support 6.97 then 6.45. Resistance 7.66, 7.82, with targets above at 8.32 and 8.82
Soybeans Future (ZS1!), H1 Bullish riseType : Bullish rise
Resistance : 1623'2
Pivot: 1580'0
Support : 1546'4
Preferred case: With price expected to bounce off the stochastics indicator, we have a bullish bias that price will rise to our 1st resistance at 1623'2 in line with the 38.2% Fibonacci retracement and pullback resistance from our pivot of 1580'0 in line with the 161.8% Fibonacci extension and swing low support.
Alternative scenario: Alternatively, if price breaks our pivot structure, it may head for 1st support at 1546'4 in line with the swing low support.
Fundamentals: No major news.
Sugar update - 03/04/2022remaining higher than 18.657 will reinforce the idea of wave 3 that target higher than 22, critical support at 17.746
COFFEE Will Keep Growing! Buy!
Hello,Traders!
COFFEE is trading in a local uptrend
And we saw the pair retest the horizontal key level
From where we are already seeing a bullish reaction
Which will continue I think, with the target
Of retesting the target above
Buy!
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See other ideas below too!
✅COFFEE NEXT MOVE|LONG🚀
✅COFFEE has retested a key support level
And as the pair is already making a bullish rebound
A move up to retest the supply level above is likely
LONG🚀
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Coffee Futures (KCK2022), H1 Potential for Bearish Dip!Type: Bearish Dip
Resistance : 229.45
Pivot: 227.30
Support : 220.80
Preferred case: We see the potential for further bearish continuation from our Pivot at 227.30 in line 78.6% Fibonacci projection towards our 1st support at 220.80 in line with 50% Fibonacci retracement. Our bearish bias is further supported by stochastic indicator where it is at resistance level.
Alternative scenario: Price might move towards the 1st resistance level of 229.45 in line with 100% Fibonacci projection and 78.6% Fibonacci retracement.
Fundamentals: No major news
Coffee Flag?the failed head and shoulders target was met, and an 11-month trendline was also broken
now is the time for a bearish continuation flag ??
Soybeans Future (ZS1!), H1 Bearish DropType: Bearish Drop
Resistance : 1679'4
Pivot: 1667'4
Support : 1623'6
Preferred case: With price expected to reverse off the ichimoku resistance and the descending trend line, we see the potential for bearish drop from our Pivot level at 1667'4 in line 50% Fibonacci retracement towards our 1st support level at 1623'6 in line with the horizontal swing low support.
Alternative scenario: If price breaks out, it can potentially move towards our 1st resistance level at 1679'4 which is in line with 61.8% Fibonacci retracement and horizontal swing high resistance.
