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Drybulk

Wheat Holding at the PCZ of a Bullish Bat Aligning with SupportWheat 2 years after topping out at the PCZ of a Bearish Shark that initiated a downtrend in 2022, has now come back to the top side of the range wheat traded in between the years of 2016 and 2020 before ultimately confirming the bottom at the PCZ of a Bullish Deep Gartley in 2019 and breaking free to the upside of the trading range in late 2020. Now that wheat has found its way back down here at this previous resistance zone, we can see that it has formed a Bullish Bat structure on the way down which aligns with the old resistance and that it is currently attempting to be supported by the 200-period moving average on the 2-week timeframe. We can likely assume that as the Baltic Dry Index continues higher, wheat will regain it's 2021 highs along with many other agricultural goods and that this will have an inflationary effect overall. In the related ideas section I will leave a setup for BDRY which is the ETF that tracks the Baltic Dry Index and I will also leave the DBA which is an ETF that holds the futures contracts for various different agricultural goods such as corn, wheat, sugar, and more related items. I will also leave setups for two Dry Bulk and Containership Charterers. Lastly I will provide my harmonic Inflation Rate projections.
CBOT:ZW1!Long
by RizeSenpai
1
Castor Maritime: Setting Up For a Falling Wedge BreakoutCastor Maritime is a Maritime Shipping stock that's been on my radar along with its falling wedge, but I have only just recently gotten interested in entering after seeing the quarterly earnings finally start to turn around along with seeing the price action finally test the 21-week SMA as support. With all of this being done it is worth considering the fact that CTRM's PE Ratio is currently about 1.5x which is pretty low even for this sector. I think we may be setting up for an ultimate Bullish Breakout that would take CTRM up to the 61.8% Retrace up at $8.94
NASDAQ:CTRMLong
by RizeSenpai
ADM: Bullish Harami on the Weekly at a Bullish Gartley HOP LevelArcher-Daniels-Midland is sitting at the HOP level of a Bullish Gartley aligning with support with a Bullish Harami Visible on the Weekly Timeframe after setting record-breaking weekly volume into the test of the Support Zone. ADM will close and confirm the Weekly Harami in less than an hour and from there we would expect to see ADM make an effort to fill the weekly gap above, perhaps going all the way up to the 61.8% retracement.
NYSE:ADMLong
by RizeSenpai
DBA: Bullish Abandoned Baby on Agriculture Futures ETFThe DBA Agriculture Fund is an ETF that has futures exposure to various different commodities including: Wheat, Corn, Sugar, Live Cattle, Lean Hogs, Cotton, Soybeans, Coffee, and others. As of right now the fund has recently pulled back due to a Bearish Test of the Bearish Bat PCZ but during this time it has formed what looks to be a Cup with Handle and has confirmed a Bullish Abandoned Baby off the 200-Day SMA with Bullish Divergence on both the MACD and RSI. With all these factors being considered along with the recent dramatic increase in charter rates across the containership and dry bulk segments, I think it is very likely that we will see the pricing of these commodities rise once more and likely break significantly above any of the bearish zones.
AMEX:DBALong
by RizeSenpai
IMPP: Potential Bullish Consolidation In Certain ShipownersWith BDRY (The Baltic Dry Index ETF), finally going up, we may start to see more shipper stocks go up. We've already started to see an uptick in SB, GASS, TK, and TNK, now we might start to see some action across the entire sector. I still would want to focus on those that are giving us at least a somewhat decent pattern, and IMPP in this case is both cheap and has potentially formed a Double Bottom with Bullish Divergence above the previous level of resistance. Given that it focuses on Oil and owns Ships, I think it can start rising with the Baltic Dry Index, especially if we get more demand for oil in the coming months.
NASDAQ:IMPPLong
by RizeSenpai
Teekay Tankers: Bullish Cup with Handle Targeting $61.82Teekay Tankers is a Marine Shipping company that is a Subsidiary of The Teekay Corporation, and it mainly focuses on the Shipping and Storage of oil. Recently, the BDI has begun to rise, and oil demand has picked up, leading to increased demand for dry bulk shipping. Despite this one already being up a bunch, I do think it has formed a nice enough Cup with Handle pattern here to try and play for a measured move breakout up to around $61.82.
NYSE:TNKLong
by RizeSenpai
Dry Bulk Shipping ETF to Rise as Export/Import Prices IncreaseBDRY the Dry Bulk Shipping ETF, which is tied to the Freight Rate Futures Contracts of the Various Ship Sizes, is now looking to rise again as both the Import and Export prices continue to rise, especially within the Natural Gas and Fuel category. We have Confirmed Bullish Divergence on the RSI, MACD, and PPO; all while the PPO has begun to give us a Bullish Confirmation at the HOP level of this Bullish Deep Gartley on the Weekly Timeframe. As a result, I will now be expecting to see the market price of this ETF go up at an extreme rate as the Shipping, Freights, and Carrying Costs begin to rise. I will be looking at individual Dry Bulk Shipping and other International Goods Transportation stocks such as ADM, GASS, and DLNG
AMEX:BDRYLong
by RizeSenpai
$CTRM $3.9 in Revs $980K in Net Income $9.6 Mil in Assets1. Recently acquired a new contract for 11k a day in revenue for 8 months 2. 50% of the O/S is locked 3. Restrictions on owning more than 14% of the O/S implemented by management to protect shareholders. 4. Low float 500,000 O/S 2.4 mil 5. Freshly brought on to the NASDAQ Feb 11th. 6. The huge pop from $4.89 to $18.99 on the 11th of March was more than likely due to the recent contract news. Then flippers sold it back down to bottom at $4.00 where it’s steadily increased back up. 7. Filings go all the way back to April 11th of last year even though the actual ticker hasn’t been made public until last month. So I’m assuming maybe some news on the one year anniversary of when filings dropped. 8. The Baltic Dry Index has found support since the start of March and has slowly been making its way back up. I expect 1500 by Summer and the possibility of 2000 by EOY investorshub.advfn.com
NASDAQ:CTRMLong
by StockGuild