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Agriculture

COCOA: On a multi month Higher High. How to trade it.Cocoa has been trading on a multi-year Channel Up since May 2017 with the 1D chart trading near the overbought territory (RSI = 70.555, MACD = 51.220, Highs/Lows = 144.4643). If the Channel stays intact then the price should pull back towards the 1D MA200 for a Higher Low near 2,365. If however it breaks as it did in March 2018 then it can easily reach 2,940 which is the 2 year high. We have identified 2,700 as this break out point. You may trade accordingly with a tight SL. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
ICEUS:CC1!
by InvestingScope
Corn: Short opportunity on 1D Death Cross and RSI.Corn has been consolidating recently following the 402 peak on 1D (RSI = 54.610, STOCH = 53.472, MACD = 0.760, ADX = 18.642) after the September Death Cross. A similar candle sequence took place in August 2018, when after a 1D Death Cross (MA50 under MA200) and a market Top, the price made a new Low (Higher Low on 1W). Since the RSI is on the same zone as then, we are expecting a decline towards 368'2 - 360'2. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
CBOT:ZC1!Short
by InvestingScope
2
SOYBNUSB Long and ShortLooking at the long term chart, soybeans are poised to make an aggressive move to the upside. However, this can happen in two flavours: a failure at the 9.224ish level followed by a correction and an extension of the building divergences, or, a break past that level followed by more upside. If the price hits the aforementioned price target and stalls out or piddles across on low volume / weak price momentum, then it would be wise to go short. At that point, soybeans will likely retest the 8.061 level and power on up from there. The other scenario is that soybeans cross above on a decisive move and continue further. There may be a pull back and retest of the wedge's current resistance but either opportunity will provide an objective long entry. For this trade, SOYB will be the vehicle of choice.
OANDA:SOYBNUSD
by BigMouse777
2
FMC BUYBUY signal at 79.92$. Timeframe - 1 week. FMC Corporation is a diversified chemical company serving agricultural, consumer and industrial markets. The Company operates in three business segments: FMC Agricultural Solutions, FMC Health and Nutrition, and FMC Lithium. If you want to see more history of this strategy, I able to show you if you request me. __________________________________________________________________________ You can use the signals independently or like indicator of trends together with other indicators in your trading strategy. Know that the success of your strategy that based on those signals depends from your money management and the additional conditions that you make in these strategies. You use these signals inside your strategies at your own risk. The chart shows the last trades on the product + the last signal. I have several strategies for different products, and I want to show you proof of it works on history, and you will be able to see it, when returns to that profile. Therefore, subscribe and watch for that profile. The signals rare but useful.
NYSE:FMCLong
by price_and_time
Feeder Cattle: Strong Buy Signal on potential Golden Cross.Feeder Cattle is coming off a strong Higher Low rebound early this month with 1D already on strong bullish technical action (RSI = 60.454, MACD = 0.850, Highs/Lows = 3.0514). Since this bullish sequence started on a strong August rebound on the 128.800 1W Support, it is more likely to see an extension towards the 161.000 1W Resistance. A potential 1D Golden Cross formation in October should come as validation of this just as it has done twice already since 2017. We are long on GF with 155.000 - 161.000 as our Target Zone. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
CME:GF1!Long
by InvestingScope
Hard Red Winter Wheat: Medium term Sideways Signal.Hard Red Winter Wheat is trading within a Descending Triangle on 1M (RSI = 40.777, MACD = -11.870, Highs/Lows = -63.0357). This month has rebounded on the 382 1W Support marking the 3rd time it bounced on that level since May, practically making a technical Triple Bottom. As seen on the chart it appears to be replicating the July 2018 - January 2019 pattern, when then price after a Lower High within the 1M Descending Triangle, it declined and consolidated before eventually making the bottom on the 382 1W Support. As a result we have calculated a trading range within 382 - 417 that may last until late November. This can be a very profitable medium term scalp opportunity. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
CBOT:KE1!
by InvestingScope
Live Cattle: Strong long term Buy Opportunity.Live Cattle has hit this month the 94.300 1M Support, with the last time we saw these levels being in October 2016. The price appears to be trading within a long term Rectangle within 94.300 and the 130.500 - 134.525 Resistance Zone. The current 3 week rebound on the 1M Support makes LE an automatic long term buy opportunity. We are therefore long at the moment and having calculated all possible scenarios within this Rectangle, we concluded that profit should be taken within 116.500 - 127.500. Take advantage of this opportunity based on your won risk tolerance levels. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
CME:LE1!Long
by InvestingScope
5
Corn to make a Head and Shoulders Pattern? Bullish Agriculture!I have been trading the agricultural commodities much more lately. On a long term approach (investing) I am bullish agricultural because I see food supplies diminishing due to weather. Just this Spring and Summer, crop yields did not produce as much as before and according to information on Martin Armstrong's blog, farmers planted crops late in the East due to a lingering winter. I expect these weather uncertainties to keep occurring. Soil in the west is also diminishing. This can easily be remedied through things such as Zinc and other things like phosphate etc but don't want to get too scientific here. What this means is that in the future we will likely transition to indoor/greenhouse farming. Another bullish aspect is China. If you follow my work, I have said the only reason China would come to make a trade deal/truce is if their credit problem worsens, and if their food issue worsens. China has been hit hard with the swine flu and the army virus and the government is subsidizing food prices, especially pork. This could be a more short term/intermediate term catalyst. Onto the charts. A good confluence for Corn. We hit a major support/flip zone at around the 3.45 zone. You can see the downtrend with its lower highs and lower lows. They are well defined. Remember, by definition once a lower high swing is broken and we stop making new lower lows, the downtrend is now nullified. We either range or begin an uptrend. We can see the lower high swing at 3.60 was broken and also retested. Buyers are coming on here. On the daily we are now awaiting our first HIGHER LOW swing in a possible new uptrend which we could have here. This would make a head and shoulders pattern and the confirmed higher low swing once we break above the neckline at the 3.70 zone. Overall this is looking good. We could see a move up to the 4.00 level.
OANDA:CORNUSDLong
by Uncharted-FX
4
Soybeans Fake out?Like what I am seeing here on Soybeans. We have a fake out indicated by the long wick at a very big support zone which can also be seen on the longer term charts. This interests me because of the long downtrend with multiple waves we have been in. You can also say we have created a double top too. Waiting for a break of the lower high swing and also a flip zone at 8.51. Will provide more context and confluence for out trade. Many will be inclined to stay away due to the US-China trade war. However, China NEEDS food. They have had their pig population decimated due to the flu and the government is subsidizing pork prices. They do have a food problem and even though tariffs may be implemented, China requires food. Brazil and Russia may be the agricultural winners here.
OANDA:SOYBNUSDLong
by Uncharted-FX
2
Wait...I didn't have any CORN!Corn on the 4 hour chart looking interesting. A potential head and shoulders can occur. We have a left shoulder and we also have a head. Potentially making a right shoulder here. Other confluences to increase our probabilities is the fact that the reversal is occurring at a support/flip zone at the 3.56 zone. Keep an eye on this. I don't trade agricultural commodities much, but I recently added corn, soybeans and wheat to my trading list. Let us await for the right shoulder and higher low confirmation with a break above 3.70.
OANDA:CORNUSDLong
by Uncharted-FX
Coffee: Boom. Roasted!This is an excerpt from the Parallax Weekly premium report originally published July 15, 2019. "The net-positioning in coffee has surged, and the percentile metric is not suggesting it’s extremely overdone even though the one-year z-score is well above 2. The problem now is that coffee prices have declined from $116 to $106 with net-longs still in charge. There is uncertainty surrounding frost that effected the Brazilian crop. Contingent on crop damage estimates, record production expectations into 2020 and price/net-positioning divergences, the bearish case for coffee @ 96 is created."
ICEUS:KC1!
by TheMacroStrategist
2
GROW Double BottomDowntrend over last few weeks may be over as todays bullish engulfing shows signs of reversal. Watch for break of 0.35 to confirm bull break from falling wedge. Close above 0.35 would also be a hammer on the weekly chart. Good buy right now with strong support at 0.30, price target at recent tops of 0.51, potentially higher with any good news releases. Upcoming catalysts include new contract signings, approval for use of technology on cannabis and more agro-industrial partnerships.
TSXV:GROWLong
by Unlikely-Bite
1
CT1! Long (via. BAL)Cotton futures are currently caught in 2 separate bullish descending wedge patterns on positive divergences. There was one instance where the divergence did not play out, however this divergence was only visible on the RSI (August 2018) which is why we look for both. Coincidentally, assuming we have reached a bottom in the price of cotton futures, please appreciate the fact of how well the Fibonacci retracement levels overlap with the resistances above. Another interesting point to highlight is that if you take the measured move of both falling wedge patterns, and add that height to the potential breakout zone, then both distances happen to fall into the same area of resistance. That level of resistance at ~75.15 will be the final target for cotton futures over the duration of this year. For this trade, we will use BAL, a cotton ETN. A suggested stop would be at 36.28 (5% down) for a potential of 20% upside gain.
ICEUS:CT1!Long
by BigMouse777
CORN LongCORN has broken out of a bullish descending wedge pattern to the upside, entered a bearish rising wedge, broken down and back-tested the previous resistance level before bouncing back. There are positive divergences on the charts which suggest a much longer up trend in play. These positive divergences can also be seen on the weekly and monthly charts of CORN which also firm up the thesis of a new long term uptrend. When measuring the height of the wedge pattern and adding it to the breakout point, the anticipated price coincides with a former support/resistance level.
AMEX:CORN
by BigMouse777
1
Lean Hogs: 3 tier long term buy opportunity.Lean Hogs have been trading sideways since late 2015 and on the monthly chart is best illustrated by the neutral monthly chart (RSI = 51.940, Williams = -47.019, CCI = 34.8246, Highs/Lows = 0.000). On 1D the MA200 works as a pivot attracting the price always after an annual High or Low. The price is currently trading above so we are expecting a sharp decline below this MA200 consolidation belt and towards the previous 2 lows which now represent a 3 tier buy opportunity: 55.100, 48.000 and 41.000. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
CME:HE1!
by InvestingScope
1