Wheat is once again showing its bullish side and is taking the first upward step out of the sideways movement of recent weeks. In the further course, the price should now continue the blue wave (c) and complete the superordinate wave A in turquoise. Following this, we expect a sell-off. Within the framework of our alternative scenario, however, it remains 37%...
wheat is ready to go... excellent RR here... not only 3.5 to first target, but ocasion to build position towards much lower... moving stops to Be or trail *not financial advise
Wheat (ZW1!) has been trading within a long-term Channel Down pattenr since July 2022. The price is currently on a bearish sequence below both the 1D MA200 (orange trend-line) and 1D MA50 (blue trend-line). It appears that technically this is a Bearish Leg following the December 06 2023 Lower High rejection, similar to the one that started on the October 10 2022...
Wheat (ZW1!) has been trading within a Channel Down pattern since July 2022 and since early December has failed repeatedly to detach itself above the 1D MA200 (orange trend-line). Since it is closer to the top (Lower Highs trend-line) of the pattern and it resembles the February 14 High, we expect a strong selling sequence if the price breaks below the 1D MA50...
wheat tends to consolidate in huge price zones before next moves
Wheat 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.
Hello,Traders! WHEAT is retesting a broken Key horizontal level of 580'0 Which is now a resistance And as wheat is in the Local downtrend I am Bearish biased so I will Be expecting a move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
The price of wheat is currently moving very much in line with our expectations and will soon reach our turquoise target zone between USX 560.60 and 531.10, where the low of the magenta wave (b) is expected. Then we should finally see a reversal and a broad-based rise to USX 807.25. Should the price fall below this zone, we would not change our scenario...
Wheat to sel target 1 : 613'7 target 2 : 607'2 target 3 : 598'6
Balance of buyers and sellers on the ZW1! pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the buyers, therefore is it only natural that we go long on the pair. ❤️ Please, support our work with like & comment! ❤️
Here is our detailed technical review for ZW1!. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 703'2. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 812'7 level. P.S We determine...
Nature is beautiful. It's always balancing the underlying energy. That's what we see here. Wheat spurted down too fast. The down-swing can be put in context by the Medianlines. Here, price has reached it's balance again at the CL. What's next? I bet for sideways to short action, until we crack the orange CIB line. Stalking Hat on...
The world is "not optimistic" that the grain-export corridor that has allowed it to ship more than 30 million tons of crops amid the Russia - Ukraine tensions will be extended beyond July, the country’s infrastructure minister said Wednesday. The efficiency of the Black Sea corridor is faltering and crop volumes are declining. Even if prolonged, it won’t be as...
✅WHEAT keeps growing And soon the price will hit The horizontal resistance level Of 727'0 from where I will Be expecting a local correction SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
On the chart we can see a falling wedge in a bullish trend . We expect a breakout of the formation. When it's occurs we will enter a long position. Target is shown on the chart.
July Wheat futures is testing support at the Yearly s1 pivot points.
bull case for wheat set up, if history repeats we get a nice curve to a pump.
Wheat is in a very strong uptrend... Targets 1.650 ... 2.150... 2.400