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Wheat

Wheat: Bottom of the pullback spottedI think there's a significant probability that the bottom of the recent correction in Wheat is in. I'm holding longs and now added my final entry a tad lower than this. I expect a rally back over the recent highs very soon. The crops this year suffered due to a significant drought in the regions where wheat is produced in the US. I think it is likely that this situation continues, and we get a strong rally from here onwards. Shout out to Tim West, who correctly diagnosed this situation with prescience in the KHL chatroom. Promising trade here, potentially similar in scale to the rally that took place in 1988. Best of luck, Ivan Labrie.
AMEX:WEATLong
by IvanLabrie
5
WHEAT possible entry long to start in the upcoming hourly closinWHEAT possible entry long to start in the upcoming hourly closing times WHEAT - ADX / ADM - TS V. 2.8.4 - Intraday Levels on 07/08/17 ADM - Average Daily Movement - Intraday Levels Entry on close 1H (hourly candle) ... if exceeded the indicated level ON the ZWU17 Contract - Sep '17 LONG if> 460,34 TP1 = 466.31 TP2 = 472.94 TP3 = 486.21 Stop Loss = 448.86 SHORT if <448.86 TP1 = 442.89 TP2 = 436.26 TP3 = 422.99 Stop Loss = 460.34
CBOT:ZWU2017Short
by XiNiaN
WHEAT, FLAT.WHEAT, FLAT. In the last two weeks the dreams of an imminent departure of the grain have broken, But not everything is lost; now we have reached the lower part of the weekly channel, so the flat position is obligatory, we are seeing, and we enter long with an hourly close over the 507.50 or short with an hourly close under 491.51 WHEAT ZWU17 - Sep '17   FLAT from 19/07/17 since 504,00 LONG over 507.50 Stop LONG if daily close <511,49 SHORT Under 491.51 Stop SHORT if daily close > 487.52 WHEAT ZWU17 - Sep '17 CROC X1 - Supports / Resistances - Multiday (TF - 1H) R3 = 559.6 R2 = 559.20 R1 = 508.20 PIVOT = 496.20 S1 = 484.20 S2 = 481.60 S3 = 480.80 CROC X3 - Last Signal (Long Term - TF 1D) LONG from 470.40   Since 27/06/17
CBOT:ZWU2017
by XiNiaN
WHEAT, FLAT.WHEAT, FLAT. In the last two weeks the dreams of an imminent departure of the grain have broken, But not everything is lost; now we have reached the lower part of the weekly channel, so the flat position is obligatory, we are seeing, and we enter long with an hourly close over the 507.50 or short with a hourly close under 491.51 WHEAT ZWU17 - Sep '17   FLAT from 19/07/17 since 504,00 LONG over 507.50 Stop LONG if daily close <511,49 SHORT Under 491.51 Stop SHORT if daily close > 487.52 WHEAT ZWU17 - Sep '17 CROC X1 - Supports / Resistances - Multiday (TF - 1H) R3 = 559.6 R2 = 559.20 R1 = 508.20 PIVOT = 496.20 S1 = 484.20 S2 = 481.60 S3 = 480.80 CROC X3 - Last Signal (Long Term - TF 1D) LONG from 470.40   Since 27/06/17
CBOT:ZWU2017
by XiNiaN
The Italian index starts flat this morning...The Italian index starts flat this morning, we expect the break of one of the levels intraday, for the departure of today's movement FTSEMIB Index- ADX / ADM - TS V. 2.9.1 - Intraday Levels for 14/07/2017 ADM-Average Daily Movement-Intraday Levels Entry on close 1H (hourly candle) ... if exceeded the indicated level LONG if > 21626.42 TP1 = 21741.71 TP2 = 21854.44 TP3 = 22085.03 Stop Loss = 21417.40 SHORT if <21417,400 TP1 = 21,302,110 TP2 = 21,189,380 TP3 = 20958,790 Stop Loss = 21626,420 On my blog, find the detailed explanation of how these levels works
TVC:FTMIB
by XiNiaN
WHEAT, the downturn in the last few days should be overWHEAT, the downturn in the last few days should be over with the support of S1 at 508.2 Now I expect a bounce up to the pivot at 531.70, then in case of breakage it should continue in area 555.20 otherwise it will consolidate the ascending channel in zone 525 WHEAT ZWU17 - Sep '17 CROC X1 - Supports / Resistances - Multiday (TF - 1H) R3 = 568.2 R2 = 567.60 R1 = 555.20 PIVOT = 531.70 S1 = 508.20 S2 = 484.20 S3 = 481.60 CROC X3 - Last Signal (Long Term - TF 1D) LONG from 470.40 From 27/06/2017
CBOT:ZWU2017Long
by XiNiaN
WHEAT, the downturn in the last few days should be overWHEAT, the downturn in the last few days should be over with the support of S1 at 508.2 Now I expect a bounce up to the pivot at 531.70, then in case of breakage it should continue in area 555.20 otherwise it will consolidate the ascending channel in zone 525 WHEAT ZWU17 - Sep '17 CROC X1 - Supports / Resistances - Multiday (TF - 1H) R3 = 568.2 R2 = 567.60 R1 = 555.20 PIVOT = 531.70 S1 = 508.20 S2 = 484.20 S3 = 481.60 CROC X3 - Last Signal (Long Term - TF 1D) LONG from 470.40 From 27/06/2017
CBOT:ZWU2017Long
by XiNiaN
Can Wheat hold these highs?Wheat has put in a strong performance in the last few months and has hit new recent highs. Technically at one point it looked like profit takers could force a correction back to previous mid June numbers in the late 400's. Fundamental weather news and more than likely funds having to cover their shorts for the moment have kept Wheat at these new levels. Approaching Fibonacci resistance at 565 the next Fibonacci resistance pocket could be in the early 600's if it can break here? Support at 523 then 471.
WLong
by StephenHoad
Wheat Approaching KEY ResistanceWheat is rallying up to a key quarterly/yearly trendline projected from the major 2008 and 2012 highs which is also the upper boundary of an enormous decending wedge. I'm watching for a high at this area over the next few months to short into a final low (ideally 2019) before breaking out of this wedge to the upside. Bull cycle counts point towards July and October as the ideal months for the high. I'll post more analysis and go over the opportunities once things become clearer. Checkout my website @ PatsTrades (link is on my profile page below my picture) for my analysis on other trades like this and subscribe to avoid missing out on ideas and entries. Thanks!!
WShort
by patrick186
1
Wheat monthly potential bottom setting upThe monthly wheatusd chart looks like it may be setting up a potential long term bottom. +DI has crossed above -DI and has put in a solid support line at 4.090 holding for past 4 months ADX has continued to trend up signaling a strengthening of dominant trend (+DI) TRIX has been moving toward 0 from negative Stoch, after being oversold for past year, has moved above 25 and continues to climb Continue to watch 4.090 to hold. if price closes the month above this line, momentum should continue to build for up trend Look at Weekly and Daily charts for signals to enter long position. Weekly 4.214 is an important resistance line on weekly. A close and hold above this line weekly would signal building strength in up trend Daily Neither weekly or daily have clear buy signals but rather both have their ADX below 20 indicating price consolidation in all 3 time frames.
OANDA:WHEATUSD
by mxb1961
Cup and Handle Formation on Wheat FuturesIn my continuing quest of using price action and TA to find opportunities in the futures markets, I search through each futures product each day to see what the weekly charts look like. When I stumbled upon Wheat Futures, I realized that Wheat was forming a perfect cup and handle pattern on the chart. This was honestly pretty sweet because it was the first time I've found such a pattern on the chart. This is usually a very bullish signal. Although I cannot trade the futures directly on my paper trading account here, I am looking at the ETF equivalent, but haven't found that one yet. Regardless of what the move does after this, it will provide a great data point when it comes to analyzing different chart patterns, such as the cup and handle. As always, when entering a trade I'll look to risk no more than 1% of my capital, and look to take profits right around the 3:1 or 4:1 risk reward ratio. All the best, RC
WLong
by BrandonBeylo
1
Wheat to turn at the corner?My mate @Bo here on TV gave me a heads up. I can see the following on the chart: - very stretched down swing - coiling = something is cooking in here - price landed nicely at the A/R line The white fork is a "potential" projection of price. If price close out of the L-MLH, then the fork is not valid anymore. Let's see if there will be something more interesting. I don't like to jump the gun, there is mostly a re- entry if I miss it. But we need to stalk it for sure! Hunt mode ON ;-) TNX Bo for the heads up. P!
WLong
by Tr8dingN3rd
11