Wheat came down for the first time in over 5 sessions so I was looking for a pullback and then I could hopefully get into a Buy Order. I did put in a Buy order at 1250 less than an hour ago. Markets are crazy wild with prices moving a lot. Like I have said all day today, I believe over the next 2 weeks Wheat and Corn will continue to go up. Definately there...
It doesn't matter its overbought, the price continues rising. The war can create one-time only events in the markets. We've seen the Russian Moscow Exchange closed for more than 1 week, USD/RUB skyrocketing and commodities such as Wheat going up completely out of control. We bought Wheat more than a year ago and we've added more volume as the uptrend continued,...
This week i expect bearish short move on WHEAT as price finished its impulsive movement on the bullish market strucutre, price made a lot of bullish gaps on its way to the current price meaning it will go lower soon to fill those gaps. On a long-term basis i am still bullish and i will look for LONGS once retracement ends, this is kind of a risky counter-trend...
We are reaching extremely high Futures prices in the commodities sector. It's a bit worrying especially since these prices are approaching 2008 levels, some are higher. We might see a global recession, and it can be triggered by a black swan event (The Russian war could have already started this catalyst) and a global Inflation that doesn't seem to slow down. So...
Using just the Price/Trend indicator on its own, we would have made +40% - we had 2 opportunities to BUY on 4H - however we slept on this as we were too busy trading Crypto to remember that Ukraine is one of the biggest Wheat producers! Interesting to see where it will fall - Sell the News ...
📈 I just wanted to share with you the reason behind the big bullish move on WHEAT, Ukraine is the country that exports the most wheat in the Europe so the price will rise because of the supply damage. Also as we are in a RISK OFF market sentiment investors tend to buy this asset as they are thinking about PROTECTION both on money and themselves. I think we will...
The playbook for manoeuvring - actively adding longs We can start with a quick review of the general plan for the operation I shall be discussing. I imagine all sitting in longs from earlier in the year are ready to exploit greater freedom of movement which we we will posses a tick above August highs. So to seize the point, our attack is a momentum move, like a...
Wheat futures ZW1! ran into strong resistance at Demarks Yearly R1 pivot point.
As can be seen on chart, quite a few positive indicators showing promise for the price of wheat during Q1 & Q2-2022. Targets, support levels, RSI, Ult_MACD, Volume, Date Ranges and rhetoric can be seen on chart. Good day!
After 3 months we close our positions on wheat. The price pulled back 25 points, leading our positions to hit the Stop Profit we had set at 769.80 to save profits, and it did. Very good are those who have deducted part of the contracts on 50%, others on 38.2% letting the remaining part of the contracts run, very well indeed. Now let's let the WHEAT go where it...
ZW wheat look for support here on the yearly R2 pivot point.
here is a wheat(ZW) continuous chart with traditional yearly pivot points. The BIGGEST reversals happen at the yearly pivots video webinar @ www.pivotalpivots.com
Wheat short opportunity ! more than 4 solid confirmations. Enjoy it.
Slowly crushing all levels put out previously There is absolutely nothing going against this trade: 1. Inflation is positive for the price 2. Logistics and all of the shipping BS is positive 3. Winter is coming...can harvest more supply until next year 4. What am I missing? 5. You know what happens after you put a claw like looking rounding bottom like...
OANDA:WHEATUSD recently hit a high around the $7.16USD area and has been in a small downtrend since. It looks like it may be ready to head back upwards and test resistance again after a nice bounce off of support. Entering around the $7 mark would give us about a 2.37% retrace up to resistance and would be a perfect bounce off of the 0.5 fib. RSI on the 30...
3 wave pattern Two patterns completed, 3 joining wave patterns completed. Making the next wave either a 3 wave or a 5 wave. It traded to a retracement zone of 0.5% which is the point of entry in a corrective pattern for some of us Currently, futures short covering is an extra condition to go long, LONG