WEAT
EU faces pressure to defuse mounting anger as farmers protest aGiven the mounting anger and protests by farmers across Europe, there appears to be a significant challenge stemming from contradictory and potentially detrimental agricultural policies. The grievances include increased costs for agricultural diesel, additional fees for water consumption, complex regulations, and objections to bans on pesticides and herbicides mandated by the EU's Green Deal. The farmers are also concerned about the import of beef from countries like Brazil and Argentina, which they argue have laxer rules on animal welfare, making competition difficult.
This unrest, originating in France but spreading to neighboring countries, signals a broader issue with unpredictable government decisions affecting agriculture. In the Netherlands and Germany, similar protests have arisen over regulations to cut nitrogen emissions and phase out fuel subsidies, respectively. In Germany, there is also resentment over what is perceived as the unfair application of environmental policies.
With protests extending to Poland, Romania, Slovakia, Hungary, and Bulgaria, concerns range from unfair competition from cut-price cereals to high taxes and tight regulations. The impact of droughts, floods, and wildfires, combined with the squeeze from green policies, has fueled discontent.
For investors, this could be a pivotal moment to consider commodities such as cereals, soybeans, and copper. The disruptions in European agriculture may create fluctuations in the market, making these commodities potentially attractive for investment. However, it is crucial to monitor developments closely as tensions continue to grow, and the agricultural sector shapes up to be a major issue in the upcoming European Parliament elections in June.
ZW1! Wheat LongWheat futures have broken out of a falling wedge pattern on positive divergence. The price broke out of the wedge to the upside, then it back-tested the wedge from above, and proceeded to move up aggressively today. This is an objective buy signal.
The most common investment vehicle for this trade is WEAT, an ETN backed by wheat futures.
The end of the wheat harvest season. start of traders' harvestBased on fundamental data (end of the harvest season). We have to see higher prices on Weat soon.
Also if we look at it based on technical analysis, the price has a really important support.
I'm entering a LONG position on Weat.
ZW- Wheat Futures Reverse to Upside LONGZW is shown as the December 2023 contracts on the 2H chart have reversed
in the past two days and price has increased over 2% in that interval.
The indicators show a flip in the volatility and a blue bar volume spike
in the reversal. Price is presently about 15% below the double tops and
pivot highs of June and July. Price is presently crossing over the mean
VWAP anchored 7-8 trading days ago and so demonstrating the bullish
momentum of the past couple of days.
I see this as an excellent long trade setup especially suitable to using
leverage in the trade and expect the uptrend to potentially capture
a 7-8% gain in the retracement of the downtrend then amplified by
the leverage applied.
SOYB- the soybean ETF moves on buying pressure LONGOn the 4H Chart, SOYB has moved above both tthe near and intermediate term POC lines
of the respective volume profiles. Upward price volatility above the running mean
on the relative volatility indicator. In confluence pric emoved above the mean basis
band of the double Bollinger band. Fundamentally, supply-demand imbalances including
the collapse of the Black Sea shipping deal as bad actor Russia continues to inflict chaos
has a ripple effect throughout agricultural commodity markets. Soybean prices are
not following the chaos and volatility of the general markets like AMEX and NASDAQ but rather
they follow the beat of their own drum like seasonality crop yields shipping costs and
others. This make an alternative to avoid going heavy into topping or sinking general
markets. They allow diversification not unlike adding bonds to a portfolio when trying
to weather the storm. Given the narrow trading range I will play this with some call options
If you would like my idea of an excellent call option trade please leave a comment.
See also my ideas on WEAT and CORN.
se to expire after the harvest and into the planting in in Brazil.
WEAT- Wheat ETF at buy point LONGWEAT the Wheat EFT has been volatile of late due to the Bakc Sea shipping deal
falling apart when Russia refused to renew it. Brazil has been trying to increase
whet exports to pick up from the fall off of Ukrainian shipments to Africa and others.
On the 4H chart, WEAT has fallen 15% from the double tops of July demonstrating
the high volatility in what is typically a slow-moving commodity. WEAT is now
5% above the support trendline and about 14% below the horizontal resistance of
those double tops. This is a favorable r:R ratio. I will go long here assuming there
is now breakthrough in the near future with the resumption of the Black Sea grain
deal to impact the supply-demand imbalance and destabilize the price rise. I will
look into a call option trade as well.
CORN wedge / triangle coiling for breakout LONGCORN on the daily chart since late June has fallen to the present level with a
flat or slowly falling support line. I see this as a falling wedge or a flat bottom triangle
slowly setting up a breakout whose upside could be 30% or more. Price had a nice
green engulfing bar to finish a down week in the general markets. CORN does not
follow the general market. It is following the collapse of the Black Sea grain deal and
the increases in the Brazil export levels. Brazil is coming into its growing season now
as it is in the southern hemisphere and spring approaches. The chart shows
CORN inside the triangle/wedge and is approaching its acute corner. I see this as
a long trade setup which I will take. If you want to trade this trade and am curious as to
the specifics as I see them, leave a comment.
CORN rises off a pivot LONGCORN, the ETF tracking spot corn and corn futures has ended its down trend on
the 15 minute chart. The pivot is not a surprise given the issues related to wheat
in the Black Sea shipping with the Ukraine war escalating onto the sea and the
grain export deal falling apart. The Price Momentum Oscillator which might be
considered a leading indicator is showing bullish divergence.Volatility is steady
and without spikes. The bias here is for bullish momentum to more forward
with increasing amplitude given the fundamental geopolitical context.
I will buy CORN long and may enter a position on the futures markets.
Wheat deal in the Black Sea- Strike Causes Price Rise LONGWEAT is a popular ETF tracking wheat as a commodity. Because of geopolitical issues
the rising price is an escalator for basic food prices from Africa to USA and globally.
Sugar is a commodity that always seems to rise. Here on this daily chart, I have plotted
the ratio of wheat to sugar spot prices which typically is a falling ratio. However, the
downtrend pivoted to coincide with the wheat deal for Ukraine falling apart and pressuring
commodity prices. On the RSI indicator both low TF and highTF are rising and are not
overall to strong. I can easily conclude that wheat is a safe long bet a slow mover that
might be low risk in what right now is a chaotic and volatile market that could be topping out.
There is no expected flip of the wheat price trend until the geopolitical winds change
direction. I will open a long position in WEAT and check CORN for a similar analysis.
WHEATUSD: Hidden Bullish Divergence at Previous Support LevelWheat first went up after a long period of preparation to hit and complete a Bullish .886 Harmonic BAMM before then coming back down, and now it looks like it wants to bounce back up from the same area due to there being Monthly Hidden Bullish Divergence at the Previous area of Support, though this time I will be targeting a relatively lower high such as the .786 retrace.
WEAT- an agricultural ETF for wheat futures.WEAT is essentially tracking wheat future contracts of various lengths. Importantly, the war in
Ukraine took a disastrous turn when the Russians sabotaged a major dam subjecting thousands
of acres of farmland to potential flooding and compromising the cooling pools for the nuclear
electric generating plant that services a multitude of people. Urkaine is sometimes called the
the breadbasket of the world due to its wheat crops which are due to be harvested. Flooding
will disrupt or prevent harvesting altogether. The 15-minute chart here shows movement of
WEAT price over the first part of this month. While WEAT does not offer s high reward ROI,
it is a low-risk trade for a reasonable return. The issue in Ukraine in dire and will not resolve
easily; its impact on wheat prices cannot be overstated.
$WEAT: Nice trend reversalNice setup in #Wheat here, might prove to be a long lasting bottom if this setup works right away...
Best of luck!
Cheers,
Ivan Labrie.
WEAT | Starting a Position Here | LONGThe fund seeks to achieve its investment objective by investing in Benchmark Component Futures Contracts. Under normal market conditions, the manager expects that 100% of the fund's assets will be invested in benchmark component futures contracts and in cash and cash equivalents.
DRI High Pobability Buy SignalDear investors,
According To my analysis of Darden Restaurats, Inc Shares (DRI), there's a high probability of an increase next year toward the levels of 160.00$ that we have seen before in 2021.
Wheat, onward and upwardI'm quite sure the first micro leg is finished and the next leg should get the media's attention. Over 860 and longs will likely pile in, as that has been strong resistance for months. Watch for grain reports for the "reason for the move" . www.nass.usda.gov
Good luck!
Strong weekly hidden bullish divergence on #WEAT EFTHigher-low in price and lower-low in RSI. Big move incoming?
WEAT - Trend line breakout signal2 months of volume dry up during this multi-month wedge basing pattern. Seasonal strength in play.
You don't need to know what's going to happen next to make money ~Mark Douglas
Lose like a pro and keep trading, or lose like a novice and quit ~Mark Ritchie
Entering the ER months - SPY USOIL WEAT BONDS GOLD DXY BTCSeptember 1 and that fall reversal may be in the air.
Looking for a reversal from the falling wedge, but believe me it could easily end up as a false breakout. I'm sure many eyes are on it at this point. If we do rally from here, is it a minor rally? If so, we may set up another, larger, head and shoulders pattern. OIL is at support, Bonds are sucking and probably go into the 120's even if they bounce. Wheat futures / ETF at support as well. Gold needs to hold 1675 level but the Dollar is very strong long term. The USD may pull back here though. BTC is holding up well.
Tomorrow at 8:30 is Jobless claims and then ism at 10am, you can watch for economic news on this nice economic calendar
us.econoday.com
Golden Wheaties Wheat has broken it's downward channel and retested it successfully. Next, it needs to get above and hold 850 on this futures chart for the real running to begin. We should not see 750 again on this chart. Long term hold for me.
The Monday Sample Pack - SPX500 USOIL BONDS WEAT GOLD BTCA Monday update with all the usual suspects. Liking SP500 for a large bounce, Weat is tasty, OIL to 104 looks good, BONDS sucking wind, GOLD, nice reversal, BTC expecting upside but maybe one more down (along with markets). In general I expect the week to be positive.
Also, GEO is taking off. Good luck!
The post - Powell autopsy SPX500, BTC, USOIL, WEAT, Bonds, USD OK, the last video for the week after the markets got murdered today. Unfortunately I was being optimistic and got caught in a loss - it happens. Other trades are looking good - OIL, BONDS, WEAT especially. BTC looks like it's ready to drop, Gold may too. Both being pressured by the US Dollar. The Dollar rally will continue to make headlines. OK have a great weekend all and see you next week!
The Jackson hole play - SPX500 USOIL TLT Weat GOLD BTCJackson hole this week may be interpreted as dovish - a sell down today may set up a C leg tomorrow for Powell's speech. Breaking below 4100 and we've got a better short signal on the market. Oil continues it's struggle with 95, no decision yet. Bonds need to reverse soon. Weat looking good but no breakout confirmed just yet. GOld, looking better and could get up to 1850. BTC getting close to 22k resistance again. Good luck
