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ZW1! trade ideas

Re-entry long on CommoditiesAll commodities on my watchlist www.tradingview.com are still long. yes there was a take profit on wheat on oil below prior days low (usuaylly two days low but because of bars ranges that a much higher than prior day I am using a 1 day trailing stop) Buying new highs on the 5 min chart below prior days low is a valid re-entry pattern. Will we reach new yearly highs? I dont know but we can see that at least a double top should be possible or at least a rally up to 50% of prior down move...
CBOT:ZW1!Long
by responsibletrad8r
Just how deep is the rabbit hole we're peering into?Anyone been to the grocery store lately? Filled up your car with gas? Bought electrical wire at Home Depot? Tried to buy a house? Have you noticed anything? "Transitory" inflation is chomping through all the liquidity infused into the world the last two years. Printing dollar bills doesn't create wealth - it dilutes it. We printed how many trillions of dollars over the stimulus packages, Fed bond buying, and whatever else? Inflation can be succinctly summarized as "more dollars chasing fewer goods". Well, with the last two years we've burned the candle at both ends; we infused massive amounts of money into the system (with no associated productivity gains) and manufacturing grinded to a halt worldwide. So we have all sorts of dollars and nothing to buy. Anyhow, you are all aware of this.....but you may not be aware that we may not even be near the peak of inflation yet. The first chart up there is wheat futures, and you can see it's gone buck wild the last 30 days. What's next? Here we have oil, the backbone of a LOT of stuff, not just gasoline. You know all those goods you need to buy? They have to be transported. You know all the plastic we consume? It is made using oil. Next chart is corn. Me likey corn. Even if you don't like straight-up corn chances are you DO like lots of things made with it. What else can we find. Oh yeah, lumber. Hard to build stuff without it, eh. Continuing on.... to... Natural gas. Next up... (throwing a dart blindfolded). Copper. Have you tried to buy wire lately? Holy crap. I mean the stuff has security tags on it at Home Depot and Lowes. Even things like Gold and Silver, which a lot of people invest in, are actually used as materials in the things we buy. Anything with circuit boards in it will have gold. And yes, people actually do harvest gold from circuit boards! My point with all of this is that life is about to get a LOT more expensive. What will that do? It'll cause Consumer Confidence to crater. This means people will scale back from unnecessary purchases, vacations, etc. Considering our entire US economy is based around consumer spending, a cutback in this will have a profound trickle-down effect. The Fed, in my opinion, has zero choice but to aggressively raise interest rates. It's in all of our best interests that they do that, or whatever else needs to be done to try and shove the inflation genie back in the bottle. Hopefully some of it takes care of itself, because inflation itself erodes the money supply......and as Covid subsides manufacturing bottlenecks should lessen. Still, have you ever been backed up on the freeway in traffic, only to realize that there was no actual reason for the backup? There was likely an accident or some incident earlier, but even long after that has been remedied the backup will remain. So even if manufacturing went back to full capacity this moment, we'll be looking at months and months until it starts to show up in the data. The economy is like one of those massive container ships that are 1300 feet long. MASSIVE inertia. This is why the inflation problems didn't even really show up for over a year after we started printing monopoly money. Unfortunately for us, inertia is a two way street - it's going to take a long time for monetary policy changes to have their intended effects. So the Fed is at a great risk of either coming down TOO HARD on inflation, or not coming down HARD ENOUGH....and we won't know for months. My guess? They somehow screw something up. It's not really their fault, because they are being tasked with an almost impossible situation. Powell isn't incompetent and he's surrounded with the smartest economic minds in the world, armed with more data than we know what to do with. The truth is the economy is just so complex that it has an incredible amount of variables and we really don't know what will happen when we tinker with some of them. We know what SHOULD happen, or what MIGHT happen, or what HAS happened..... but as everyone involved in the financial markets knows this doesn't guarantee a damn thing going forward. Me personally? I think the Fed drives us into a recession. It may be the only way to get ahead of inflation before it becomes a self-fulfilling runaway freight train. .....and what do you think this means for QQQ, DIA, SPX, IWM?
CBOT:ZW1!
by digital_precision
115
Mar 7, 22 Wheat back up - BUY OppWheat 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 will be some volatility, but I think price will go up and I will make some money. I will keep as close an eye as I can on these trades (I have to sleep sometime), but I will keep my stops further away for these trades so I don't get caught. Trade well and stay safe. Heiko
CBOT:ZW1!Long
by HEIKOTradingSystem
More money for same amount of food now !read article here Yes, we will need to make more money to purchase the same amount of food than before as the price has gone up or inflated. Whatever the reasons you like to believe to cause the inflation, the outcome is the same - you will need more money than before to purchase the same amount of food. Options you have ? Substitute the food for a cheaper brand or reduce the amount of intake. Or eliminate it from your diet. Or you could find ways to make more money so your lifestyle is not so affected. To me, investing, trading is a very good way. I wish I was much much more financial savvy in my teens instead of spending money on branded stuff and lots of pretty useless stuff, haha.
CBOT:ZW1!Long
by dchua1969
Wheat: extreme levels and it will continueIt 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, but seeing these events, we increased even more volume 2 weeks ago and we will continue to do so as this Ukraine-Russia crisis keeps escalating. In European countries, depends a lot on Wheat from Ukraine, and that was completely halted since the beginning of this war. Also, according to some food producers, they have stock for 2 months tops. They don't have an alternative solution for this. Food prices are going up, and if this war continues, many food produces in the EU will not be able to produce wheat-based food in normal figures. The situation is very critical at this point. Disruption could last half a year at minimum. We hold it and add more volume daily as long as this crisis continues.
CBOT:ZW1!
by alvaromroo
WHEAT MNT: 100%+ gains and TP 3 000 USD going vertical(NEW)Why get subbed to me on Tradingview? -TOP author on TradingView -2000+ ideas published -15+ years experience in markets -Professional chart break downs -Supply/Demand Zones -TD9 counts / combo review -Key S/R levels -No junk on my charts -Frequent updates -Covering FX/crypto/US stocks -before/after analysis -24/7 uptime so constant updates 🎁Please hit the like button and 🎁Leave a comment to support our team! WHEAT MNT: TP 3 000 USD going vertical(NEW)(SL/TP) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. 🔸 Summary and potential trade setup ::: WHEAT MNT chart review ::: chart is LOG SCALE ::: commodity super cycle in progress ::: 5 waves bullish sequence in progress ::: Price target in 2022 is 3 000 USD ::: global inflation driving prices ::: also global warming heavy impact ::: geopolitics triggering vertical market ::: recommend to BUY/HOLD BUY DIPS ::: 12/24 months as global economy ::: this is a long-term bullish market ::: BULLISH CYCLE is ON BUY DIPS ::: BUY/HOLD get paid / swing trade setup ::: BUY ANY DIPS / final TP BULLS is 3000 USD ::: 150% upside from current market price ::: WAIT for dips and reload (BULLS) ::: recommend to BUY/HOLD ::: recommended strategy: BUY/HOLD ::: bullish super cycle in coffee market ::: SWING trade setup do not expect ::: fast/miracle overnights gains here ::: good luck traders 🔸 Supply/Demand Zones ::: 1000USD fresh demand zone ::: 3000USD fresh supply zone 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment short-term: BULLS / MORE GAINS ::: Sentiment outlook mid-term: BULLS / SUPER CYCLE RISK DISCLAIMER: Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
CBOT:ZW1!Long
by ProjectSyndicate
2
Breakout move on Wheat continues with Limits and Limit UpsWheat broke out of a range around Feb 23, retested and never looked back. Multiple limits and multiple limit ups. Likely driven mostly by Ukraine being a large exporter/producer of Wheat. Those with multi-decades of market experience might have seen these before but I haven't. During the March 2020 we've seen limits being hit but not like, everyday (or almost) a limit is hit. And limit ups.... in daily candle sticks these will show up as dots Amazing to observe, even better for those who participated in gains but, scary what the implications of these to food and beverage prices... Hard to say whether this will continue or reverse at some point (when) I definitely don't and observing from the sidelines. Hopefully it stabilizes along with everything else.
CBOT:ZW1!
by swoozshies
GLOBAL RECESSIONWe 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 what to do? try to time a crash? Play shorts/put options? Personally, I think it's better to hold cash and buy up stocks/etfs that become dirt cheap. You have higher chances of making serious gains buying the BIG DIP than trying to pull a BIG SHORT Here is Wheat Future's monthly chart. You can see that Wheat is reaching 2008 peak recession prices. Wheat also gained almost 60% in the last month alone. This means that the price of food HAS to go up = More Inflation. Oil is doing the same thing. y Copper hit all-time high
CBOT:ZW1!
by MoonBets
2
When technicals fail, revert back to fundamentalsWheat has been trending upwards with a channel/megaphone pattern so far. The prices were increasing rapidly and near the channel boundary, it exploded. When it could end up is very questionable but it's not hard to understand the recent price increase is purely based on fear. Ukraine and Russia contribute to a total of about 26% to the Wheat market, even if we assume they completely vanished, it's only reasonable to guess the price should not go more than 26% from the upper channel boundary. But the markets are not rational, and during conflicting and desperate times it may increase up to 50% to the maximum wheat price recorded ever. I hope this would not happen because what happened later was the global financial crisis, and history could very well be repeated. If you have access to options, buy some puts on wheat. When markets settle the price will crash spectacularly and you can sit with a lot of cash. Do not short a parabolic market unless you have a lot of money. Buy puts on the parabolic market because all curves become lines in trades. Every parabolic move is short-lived.
CBOT:ZW1!Short
by titus22045
A Ukraine war is bullish for wheatWheat futures are showing a constant higher lows ahead of a bullish catalyst. That catalyst is a war between Russia and the Ukraine. I can get into any questions as to why I believe the current information suggests Russia will invade upon request in the comments. This is bullish for wheat futures, The Ukraine is the number 5 ranked wheat exporter globally its wheat compromises 8% of global wheat exports. Most of the Ukraine's wheat production is in the east which would be totally cut off during a major conflict. To make matters worse Russia is the number 1 wheat exporter in the world exporting 17.7% of total global wheat exports. In the event of war Russia would likely be cut off from the swift payment system which would stop most of its international transactions causing massive supply chain issues with the wheat market. These factors in combination with the constant lower highs makes for very bullish conditions.
CBOT:ZW1!Long
by Henry285
ZW long due to everything's happening in the world right now, wheat is just as MANY markets is gonna get highly effected by the situation and it has showed that in the chart. as we can see the price has had a really good volume, although it's rejected but it's only the start of a trend not the end of it or something, but one sure thing is that its effect is absolute and that rejection is gonna get the market to a point where it's gonna do a pullback to get some momentum and then to just get on the rocket. this is the weekly chart so the profit is gonna be really good but the risk is higher so get a really good entry and hold on to it.
CBOT:ZW1!Long
by Amzilismail
Food shortages entering back into playThe 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 sailing boat when we get caught in the wind. Eyeballing a test of first targets at 900 as early as the yearly close. As can be seen from above, it would be quite wrong to describe these moves here as anything but painful for consumers. Depending on the price action at 900 we are flirting to unlock the GFC highs. We are 23% and counting, time to start swinging the bat!
CBOT:ZW1!Long
by ridethepig
5