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Wheat

Socialist Oil Countries are going to starveThe price is dropping very rapidly, as I want it too. So I better make this quick. Demand is up because of humans but also animals, production not great. "A wet winter and dry spring in the UK is set to yield its smallest crop since 1981, Carr’s Flour said in its monthly market report." I watch some agricultors on youtube, west europeans barely make money if they are not industrials, and 1 guy had a poor harvest that caused him to be in the red for the year. The European Commission came up with a decline of surplus exports of 5.7% for the EU + UA + RU. Argentina had low yields because of poor rainfall. The USA also had a bad harvest, and their stocks are almost empty last I checked. Socialist Oil country must be panicking, maybe they make some orders before the price gets even higher, for example Algeria is emptying its forex reserves that have been on a decline for 20 years already, the Oil prices are really finishing them off. Only a few years to "this was not real socialism". Could go higher and then even higher. Could be a monster. If I get filed. Got maybe a bit greedy with the far away entry and tight stop I can't help it. The price is bouncing but maybe the next candle fills me doing something like this here: Let's profit off starving socialists! There is no better feeling.
CBOT:ZW1!Long
by MrRenev
2
Wheat breaking out of important resistancesThose that have been following me for a while know that I've had my eye on commodities and as we keep printing currencies, inflation shall follow. I expect some good moves from grains and sugar in months to come and I keep building my positions. We have a descending triangle mixed with a reversed head and shoulder pattern. This combination could lead to explosive moves short term and perhaps the establishment of a longer term trend as we move forward.
OANDA:WHEATUSDLong
by FXbrawler
1
Wheat: The most bullish commodityCentral banks can print currency but they can't print wheat! While tech and high growth stocks were in favour during the economic expansion, hard assets and necessity goods are likely to be in favour during the stagflationary period to come. Even in a recession, people need to eat! We have broken the 2009 downtrend and formed an inverse head and shoulders as a base. If wheat follows gold's lead to all time highs there are +900% grain gains ahead!
LSE:WEATLong
by ChartSpartan
WHEATUSD - Back to MAR '20 or 2014-2015 ?Wheat has become one of my favourite commodities to trade after the 10:1 win to lose ratio of my positions for SEP '20. Now I'm puzzled as to what to do next. The trend is clearly bullish but, we are approaching the strong resistance of $5.87-5.92 of MAR '20. If we break this level then we will see higher prices. Maybe go back to the prices of 2014-2015 where price was ~$7.00 ? Who knows. On the Montly Time Frame (MTF) the Fib 0.382 is around the price of $5.44 which in my opinion is the next target before price continues higher. The Commitment of Traders (COT) outlook for non-commercial investors remains stable between SEP 22 and SEP 29 with net LONG positions 26221 and 26358 respectively. So no indications for surprises expected from there too. In any case I already openned a small sell position to the support level and I'm prepared to open more in steps as I see the correction comming before price continues to higher levels. Note: I'm no trading expert nor have the ambition to become one! The above is just an idea that I share with the intention of attracting comments and perhaps become a better trader.
OANDA:WHEATUSDShort
by A_Bouras
WHEATUSD - S(h)ort the wheat from chaff #2Wheat reached the resistance and holded after breaking the trendline mentioned in previous comment (see below). I'm expecting it to drop at first to the Fib 0.382 lvl marked in the white dotted line. From there on we will see. If it drops further then we are heading to the support of ~$5.45. I actually took the selling idea mentioned in the chart as I was writting this. Let's see. Good luck Traders Note: I'm no trading expert nor have the ambition to become one! The above is just an idea that I share with the intention of attracting comments and perhaps become a better trader.
OANDA:WHEATUSDShort
by A_Bouras
WHEATUSD - Price at critical levelWheat is once again at a critical point in my opinion. The trend on the 4h time frame (TF) is strongly bearish for the past week. However on the weekly TF is bullish showing higher highs and higher lows. Right now price following the bearish trend (shown in green) reached the strong support and the 200MA (yellow thick and green thin continues line). What I wait to see is first of all if the price will break the support and drop further. If it does so the next support is around $5.225. When these lines are written we have a rejection of this level. If price holds we will have a reversal and we will see a bullish move short-term. So as always in trading, we wait, we monitor closely and have our finger on the trigger! We will find out soon enough I think. Good luck traders Note: I'm no trading expert nor have the ambition to become one! The above is just an idea that I share with the intention of attracting comments and perhaps become a better trader.
OANDA:WHEATUSD
by A_Bouras
Wheat - S(h)ort the wheat from chaffWheat today broke the support level mentioned as DECISION LEVEL on previous published idea (pls see below for link). As seen on the 4h time frame above, it also just broke the 38.2% Fib level from the weekly time frame of the last impulse. The trend remains bearhish (MACD confirms the shift) and the weekly resistance now shifted around the $5.34-5.35 level. I'm monitoring price to see if it makes the pullback (expected, the light blue arrows) and then depending on how and if it does the pullback, I consider taking a nice short position. The position I look for should give 140+ pip profit to the next support level of ~$5.16. Note: I'm no trading expert nor have the ambition to become one! The above is just an idea that I share with the intention of attracting comments and perhaps become better at trading commodities.
OANDA:WHEATUSDShort
by A_Bouras
WHEATUSD waiting price to reach decision levelWheat after our recent profitable prediction (pls refer to previous published idea) is now looking for a direction in my opinion. It failed yesterday to break the $5.42-5.43 level so now we have a stong 4h bearish candlestick. Still I'm unsure what the outcome will be. The MACD 4h took a turn and is now approaching the signal line with momentum to go bearish. However I'm monitoring price at the 4h time frame waiting to see what will happen when/if the price reaches the support lever of ~$5.34. That's why I named it DECISION LEVEL. Depending where the price will go and how it will go to wherever it goes, I might be able to base my trades. So let's wait and see what happens. I just love the markets! :-) Note: I'm no trading expert nor have the ambition to become one! The above is just an idea that I share with the intention of attacting comments and perhaps become better at trading commodities.
OANDA:WHEATUSD
by A_Bouras
Rally in Wheat will continue. Possible entriesYou know I am a big fan of commodities and especially tight markets like wheat, live cattle, etc. These instruments are less manipulated and less speculative. Usually, they follow their setups very well. Getting above Friday’s high is potential swing entry. We have a triangular formation on the daily chart. Sometimes price makes false breakdown before the rally. So, it is another potential entry, if that happens. Wheat has a strong seasonal tendency to rally till September.
CBOT:ZW1!Long
by UnknownUnicorn1156963
Wheat market is now at the weakest stage. Time to short.We are long the PUT options since 535 - we wanted to limit our risk. Now it is safe to short the futures, as the market is very weak technically and fundamentally. Sell on a CLOSE below 492.25, stop loss on a CLOSE above 507. 435 is the price target. I have been travelling around the wheat region in Russia last week - observing the crops, talking to farmers. Planted area this year is very large and most of the crops survived and are looking healthy. Weather conditions are excellent. Prices as low as 416 and 381 could be reached if we see our preliminary target reached before August 31. *Please remember that futures trading involves a substantial risk of loss and is not suitable for all investors.
CBOT:ZW1!Short
by CSInvestment
5
Wheat on the side while riding goldHey, I've been looking at grains a bit and I think wheat could be going down. On a pullback there is a good r to r. It is on a global downtrend and it convincingly broke to new lows on the lower TF. It sort of always goes down around this period Global trade & weather have a big impact I guess. Here you can see the past weather: www.timeanddate.com Here are averages: www.holiday-weather.com Chicago is in the averages. Most places are below, France has had a freezing summer brrr. The weather data is obviously run by climate deniers. The CME website: www.cmegroup.com The biggest producers of wheat are the same old same old... China USA India Europe South-South-America. And to a lesser extent pretty much everywhere except Africa. Some of the top biggest exporters are Russia Canada the USA France Argentina Ukraine... Argentina I think is the biggest net exporter there is in % of what they produce. India is self sufficient, China is barely I think. I could list all the net exporters but it's easy to remember. It's the white countries. Basically the most important weathers I think are NA & Europe. And China news/catastrophic crop ==> boom. Probably will trend down, hopefully without too much choppy pullbacks. Would be nice to look at something other than gold here and there.
CBOT:ZW1!Short
by MrRenev
2