Oats so far in 2023, has found strong support on the Fibonacci yearly S1 pivot point. Perhaps that's a clue for the Yearly (P) in 2023?
Looking at the H4 chart, my overall bias for ZO1! is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. However, I am looking to play the pullback. So, I am looking for a possible buy limit entry at 321.125, where the 127.2% Fibonacci extension line and -27.2% Fibonacci expansion line are. Stop loss will be at 161.8%...
Looking at the H4 chart, my overall bias for ZO1! is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. However, I am looking to play the pullback. So, I am looking for a possible buy limit entry at 321.125, where the 127.2% Fibonacci extension line and -27.2% Fibonacci expansion line are. Stop loss will be at 161.8%...
Looking at the H4 chart, my overall bias for ZO1! is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. However, I am looking to play the pullback. So, I am looking for a possible buy limit entry at 321.125, where the 127.2% Fibonacci extension line and -27.2% Fibonacci expansion line are. Stop loss will be at 161.8%...
Title: Oats Futures ( ZOK2022 ), H4 Potential for Bearish Momentum Type: Bearish Momentum Resistance: 745.500 Pivot: 613.250 Support: 665.000 Preferred case: On the H4 chart, we have a bearish bias. To add confluence to this, price is under the Ichimoku cloud which indicates a bearish market. If this bearish momentum continues, expect price to head back down the...
Title: Oats Futures ( ZOK2022 ), H4 Potential for Bearish Momentum Type: Bearish Momentum Resistance: 745.500 Pivot: 613.250 Support: 665.000 Preferred case: On the H4 chart, we have a bearish bias. To add confluence to this, price is under the Ichimoku cloud which indicates a bearish market. If this bearish momentum continues, expect price to head back down the...
Looking at the H4 chart, my overall bias for Z01! is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a sell stop entry at 378.250, where tyhe 38.2% Fibonacci line is. Stop loss will be at 390.500, where the previous swing high is. Take profit will be at 362.500, where the 61.8% Fibonacci line is. Please be...
Title: Oats Futures ( ZOK2022 ), H4 Potential for Bearish Momentum Type: Bearish Momentum Resistance: 745.500 Pivot: 613.250 Support: 665.000 Preferred case: On the H4 chart, we have a bearish bias. To add confluence to this, price is under the Ichimoku cloud which indicates a bearish market. If this bearish momentum continues, expect price to head back down the...
Title: Oats Futures (ZOK2022), H4 Potential for Bearish Momentum Type: Bearish Momentum Resistance: 745.500 Pivot: 613.250 Support: 665.000 Preferred case: On the H4 chart, we have a bearish bias. To add confluence to this, price is under the Ichimoku cloud which indicates a bearish market. If this bearish momentum continues, expect price to head back down the...
Type : Bullish Rise Resistance : 690'6 Pivot: 679'3 Support : 673'1 Preferred Case: Price is moving above the ichimoku cloud which supports our bullish bias that price will rise from the pivot at 679'3 where the pullback support and 23.6% fibonacci retracement are to the 1st resistance at 690'6 in line with the swing high resistance, 78.6% fibonacci projection...
Type : Bullish Rise Resistance : 731'3 Pivot: 699'2 Support : 684'6 Preferred Case: Price is moving along the ascending trendline and is moving above the ichimoku cloud which supports our bullish bias that price will rise from the pivot at 699'2 where the pullback support is to the 1st resistance at 731'3 in line with the 78.6% fibonacci projection, 61.8%...
Type : Bullish Bounce Resistance : 648'1 Pivot: 633'1 Support : 626'0 Preferred Case: With price moving above our ichimoku cloud , we have a bullish bias that price will rise to our 1st resistance at 648'1 in line with the horizontal pullback resistance and 61.8% Fibonacci projection from our pivot of 633'1 in line with the 38.2% Fibonacci retracement and...
Type : Bullish Bounce Resistance : 633'6 Pivot: 626'2 Support : 615'0 Preferred Case: With price moving above our ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 633'6 in line with the horizontal pullback resistance from our pivot of 626'2 in line with the 61.80% Fibonacci retracement and horizontal pullback...
Type: Bullish Rise Resistance: 695'7 Pivot: 664'7 Support : 645'7 Preferred case: We are expecting the price to potentially rise from our pivot level of 664'7 in line with 78.6% Fibonacci retracement towards our 1st resistance level of 695'7 which is in line with 38.2% Fibonacci retracement and 78.6% Fibonacci projection. Alternative scenario: Otherwise, the...
There has been a lot of talk since the Ukraine - Russia war started that the rising prices in the agricultural sector will cause a new Bear Cycle in the stock market. Commodities have been rising across the globe as a result of an inflation build up in recent years, accelerated by the COVID pandemic, but with agriculturals in particular, the story is a little...
Type : Bullish Bounce Resistance : 758'6 Pivot: 738'0 Support : 716'0 Preferred Case: Price is near pivot level of 738'0 in line with 38.2% Fibonacci retracement and 61.8% Fibonacci projection. Price can potentially rise up to the 1st resistance level at 758'6, in line with 161.8% Fibonacci extension. Our bullish bias is further supported by price trading above...
Type: Bearish Reversal Resistance : 746'7 Pivot: 729'0 Support : 696'2 Preferred case: Price is approaching our pivot level of 729'0 in line with 138.2% Fibonacci extension. We see the potential for a further dip towards our 1st support level of 696'2 in line with 23.6% Fibonacci retracement. Our bearish bias is further supported by the stochastic indicator where...
Type: Bearish Drop Resistance: 694'7 Pivot: 668'7 Support: 627'6 Preferred case: Price near pivot level of 668'7 in line with 61.8% Fibonacci retracement. Price can potentially drop to our 1st support of 627'6 in line with the 61.8% Fibonacci projection and 78.6% Fibonacci retracement. Our bearish bias is supported by stochastic indicator where it is near...