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ZR1! trade ideas

Rice Futures Short-Term Trend: The price seems to be in a short-term downtrend, as the overall movement from mid-July to September is trending downward. Support: Around $14.15 is the most recent significant low (from mid-September), which could serve as a support level. Another potential support is near $13.50 (June lows). Bollinger Bands The Bollinger Bands (red and green lines) show the price recently tested the lower band (near $14.15) and has moved towards the middle of the bands (around $15.06). Bearish Sentiment: Overall, the market appears to be in a downtrend, and the most recent price action suggests the market is either consolidating or potentially attempting a minor correction. Key Areas to Watch: Keep an eye on the $14.15 support level and the $15.50 resistance level. Breaking above or below these levels could provide clues to the next significant price movement.
CBOT:ZR1!Short
by Sahrin
USD Weakness and its OpportunitiesThe USD may be weaker, but it does mean that its bad. Because a softer USD, some assets are starting to trend higher. We will do a comparison between the USD and some of these assets or commodities, to see how reactive they are when the USD has trended lower in the recent months. Soybean Oil Futures & Options Ticker: ZL Minimum fluctuation: 1/100 of one cent (0.0001) per pound = $6.00 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
CBOT:ZR1!Long
by konhow
2
Favorite idea for 6mo term: Long Rice, Short SoybeanCan be taken on CME, basically exactly 2 ZR contracts long per 1 contract ZS short. I am very convicted of this one. Peep the CoT I'm not a CoT trader, but last time Comms were short this qty, we roof-pulled on Rice. Crazy illiquid contract/asset so that's going to happen. Big believer that agriculture futures are a totally trash garbage market masquerading as a mature market, so you get these kind of silly behavior when there is any real price discovery on the assets. Best way to max that edge is by taking a spread position in one liquid market vs one position in the inefficient market (the market that is so illiquid and inefficient that it really shouldn't exist). You won't always be right, but sometimes you will and that's enough.
CBOT:ZR1!Long
by wantonwallet
1
RICE 2923If Klaus Schwab has his way this year, expect protein prices to go parabolic. What happens when people get outpriced in wheat and meat? Not only will supply continue to increase at a faster rate thn in previous years. Also global weather conditions have caused many droughts and other weather phenomena. If that isn't enough. The supply chain has been crippled over the past few years. All of this together tells me that food prices have barely started to run. Maybe some have jumped too quickly, but the majority of commodities have only begun to rise. Appears to continue its consolidation in a bull flag and holding a strong resistance at 18. Once popped and retested as support the measured move is about 50 percent. However I think if rice pops, its going to fly.
CBOT:ZR1!Long
by BrandonrG
ZR1! 1.20.23Rice continues to push up against this resistance level. At some point we will get above that R level and enter a straight up zone that could easily see ZR rice nearly double overnight. It is coming. Show me the chart. I'll tell you the news. Something big is coming. Global famine? Maybe in some areas but likely there will be food in many 1st world countries. The question will be. Can you afford it. “Who controls the food supply controls the people; who controls the energy can control whole continents; who controls money can control the world.” — Henry Kissinger
CBOT:ZR1!
by BrandonrG
ZR1! Potential For Bearish DropLooking at the H4 chart, my overall bias for ZR1! is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market. Looking for a sell entry at 18.045, where the 50% Fibonacci line is. Stop loss will be at 18.375, where the recent high is. Take profit will be at 17.285, where the previous swing low is. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
CBOT:ZR1!Short
by VantageMarkets
ZR1! Potential for Bullish RiseLooking at the H4 chart, my overall bias for ZR1! is bullish due to the current price crossing above the Ichimoku cloud, indicating a bullish market. Price is also along a bullish trend line. Looking for a buy entry at 18.050, where the 61.8% Fibonacci line and recent high is to ride the bullish momentum. Stop loss will be at 17.600, slightly below where the 50% Fibonacci line is. Take profit will be at 18.530, where the previous swing high is. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
CBOT:ZR1!Long
by VantageMarkets
Rice Futures ( ZR1! ), H4 Potential for Bullish ContinuationTitle: Rice Futures ( ZR1! ), H4 Potential for Bullish Continuation Type: Bullish Continuation Resistance: 18.530 Pivot: 17.620 Support: 16.630 Preferred case: Looking at the H4 chart, my overall bias for ZR1! is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to continue heading towards the resistance at 18.530, where the recent high is. Alternative scenario: Price could head back down to retest the pivot at 17.620, where the 61.8% Fibonacci line is. Fundamentals: There are no major news.
CBOT:ZR1!Long
by Genesiv
ZR1! Rough Rice 11.23.22Continuing to watch rice march upward for many many months when I first visited this chart. Been incredible to watch but imo this is only the beginning. I expect a measured move up to previous ath. That zone is a straight up and down area so it could be very explosive. However , the extensions I have pulled are really unimaginable prices. I expect food prices to continue to move parabolic especially into the holidays and into next year. You play your game. I will play mine
CBOT:ZR1!
by BrandonrG
Why Rice Prices Determine the Direction of Interest Rates?Recently, I received questions asking my opinion on their borrowing cost, if they should go for fixed or float rates. We somehow know there is inflation, but not exactly sure how long it will last and how bad it will get. Because higher inflation leads to higher interest rates. While I cannot advise them as I do not have a banking license to do so. However, I can point them to the commodity markets, I hope by doing so, it can help them to understand and read into the direction of interest rates with greater clarity. Background on edible commodities: Rice is a staple in the diets of more than half of the world’s population, especially in Latin America, Asia, and the Middle East. Annual production of milled rice tops 480 million metric tons, which makes it the third most-produced grain in the world after corn and wheat. An increase in rice prices or edible commodities, it will really add pressure to the existing global inflationary pressure. Hardship will be more intense especially compare to other commodities like crude oil. In short, people can still live with some inconvenience without cars, but not without food. Therefore, when food prices become much more expensive, the central banks immediate and urgent measures is to counter it by rising interest rates. Content: . Why edible commodities determine the direction of interest rates? . Technical studies . How to hedge or buy them? Rice Market: 91 Metric Tons $0.005 = US$10 Example - $0.01 = US$20 $18.00 = 1800 x US$20 = US$18,000 From $18 to $19 = US$10,000 If you are trading this market for the short-term, do remember to use live data than delay ones. Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CBOT:ZR1!Education
by konhow
Rough Rice Commodity USA Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series Focus: Worldwide By Sun Storm Investment Research & NexGen Wealth Management Service A Profit & Solutions Strategy & Research Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures | USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision. #debadipb #profitsolutions
CBOT:ZR1!
by Sunstorminvest
RICE FUTURES (ZR1!), H1 Potential for Bearish MomentumType : Bearish Drop Resistance : 16.570 Pivot: 16.310 Support : 16.035 Preferred Case: On the H1, price is moving below the ichimoku cloud and within the descending channel which gives us a bearish bias that prices will drop to the pivot at 16.310 where the 78.6% fibonacci retracement, 61.8% fibonacci projection and swing low support are. Once there is downside confirmation that price has dropped to pivot , we would expect bearish momentum to carry prices to 1st support at 16.035 where the swing low support, 78.6% fibonacci projection and 61.8% fibonacci projection are. Alternative scenario: Alternatively, price may rise to the 1st resistance level at 16.570 in line with the pullback resistance. Fundamentals: Since both countries, Russia and Ukraine, are major exporter of agriculture goods and their persistent war will lead to a shortage of agricultural goods and give us a bullish bias for rice.
CBOT:ZR1!Short
by Genesiv
Rough Rice commodity USA Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series Focus: Worldwide By Sun Storm Investment Research & NexGen Wealth Management Service A Profit & Solutions Strategy & Research Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures | USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision. #debadipb #profitsolutions
CBOT:ZR1!
by Sunstorminvest
RICE FUTURES (ZR1!), H1 Potential for Bearish MomentumType : Bearish Momentum Resistance : 16.715 Pivot: 16.570 Support : 16.105 Preferred Case: On the H1, with price moving below the ichimoku indicator and within the descending channel , we have a bearish bias that price will rise to and drop from our pivot at 16.570 in line with the swing high resistance to the 1st support at 16.105 in line with the 61.8% fibonacci projection and swing low support. Alternative scenario: Alternatively, price may break the pivot structure and rise to the 1st resistance at 16.715 in line with the overlap resistance, 61.8% fibonacci projection and 38.2% fibonacci retracement . Fundamentals: Since both countries, Russia and Ukraine, are major exporter of agriculture goods and their persistent war will lead to a shortage of agricultural goods and give us a bullish bias for rice.
CBOT:ZR1!Short
by Genesiv
RICE FUTURES (ZR1!), H1 Potential for Bearish MomentumType : Bearish Momentum Resistance : 16.990 Pivot: 16.725 Support : 16.125 Preferred Case: On the H1, with price moving below the ichimoku indicator and within the descending channel , we have a bearish bias that price will rise to and drop from our pivot at 16.725 in line with the 38.2% fibonacci retracement and overlap resistance to the 1st support at 16.125 in line with the 161.8% fibonacci extension and swing low support. Alternative scenario: Alternatively, price may break the pivot structure and rise to the 1st resistance at 16.990 in line with the overlap resistance, 100% fibonacci projection and 50% fibonacci retracement . Fundamentals: Since both countries, Russia and Ukraine, are major exporter of agriculture goods and their persistent war will lead to a shortage of agricultural goods and give us a bullish bias for rice.
CBOT:ZR1!Short
by Genesiv
1
RICE FUTURES (ZR1!), H1 Potential for Bearish MomentumType : Bearish Momentum Resistance : 16.775 Pivot: 16.610 Support : 16.040 Preferred Case: On the H1, with price moving below the ichimoku indicator and price breaking the ascending trendline, we have a bearish bias that price will drop from our pivot at 16.610 in line with the 23.6% fibonacci retracement and overlap resistance to the 1st support at 16.040 in line with the 78.6% fibonacci retracement and swing low support. Alternative scenario: Alternatively, price may break the pivot structure and rise to the 1st resistance at 16.775 in line with the overlap resistance, 61.8% fibonacci projection and 38.2% fibonacci retracement . Fundamentals: Since both countries, Russia and Ukraine, are major exporter of agriculture goods and their persistent war will lead to a shortage of agricultural goods and give us a bullish bias for rice.
CBOT:ZR1!Short
by Genesiv