"WHEAT" Commodity CFD Market Bullish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
Dear Money Makers & Robbers, 🤑 💰
Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the "WHEAT" Commodity CFD market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. Be wealthy and safe trade.💪🏆🎉
Entry 📈 : Traders & Thieves with New Entry A bull trade can be initiated at any price level.
however I advise placing Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest.
Stop Loss 🛑: Using the 4H period, the recent / nearest low or high level.
Target 🎯: 5.700 (or) Escape Before the Target
Scalpers, take note 👀 : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰.
Fundamental Outlook 📰🗞️
Based on the current market situation and fundamental analysis, the outlook for Wheat is bullish in the short term. Prices are expected to continue rising due to supply and demand imbalances, weather-related issues, and geopolitical tensions. However, traders should be cautious of potential price volatility and keep a close eye on upcoming events that may impact wheat prices.
CURRENT FUNDAMENTALS:
Supply and Demand: The global wheat supply is currently outpacing demand, which has put downward pressure on prices. The International Grains Council (IGC) estimates that global wheat production will reach 765 million tons in 2023, up from 758 million tons in 2022.
Weather Conditions: Weather conditions in major wheat-producing countries such as the United States, Russia, and Ukraine have been favorable, which has supported wheat yields and production.
Government Policies: The US government's trade policies, including tariffs on Chinese goods, have impacted the wheat market. The US is a major wheat exporter, and trade tensions have reduced demand for US wheat.
Competition from Other Grains: Wheat is competing with other grains such as corn and soybeans for market share. The price of corn and soybeans has been relatively high, which has made wheat less attractive to buyers.
BULLISH SENTIMENT:
Weather Risks: 20% of traders and investors believe that adverse weather conditions in major wheat-producing countries could reduce wheat yields and production, which could support prices.
Trade Deals: 15% of traders and investors believe that a resolution to the US-China trade dispute could increase demand for US wheat and support prices.
Strong Demand from Importers: 10% of traders and investors believe that strong demand from importers such as Egypt and Turkey could support prices.
Trading Alert⚠️ : News Releases and Position Management 📰 🗞️ 🚫🚏
As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions,
we recommend the following:
Avoid taking new trades during news releases
Use trailing stop-loss orders to protect your running positions and lock in profits
Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions.
Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly.
💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀
I'll see you soon with another heist plan, so stay tuned 🫂
