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ZW1! trade ideas

WHEAT Struggling on the 1D MA200. Long-term sell opportunity.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 (blue trend-line). The previous Lower Low was priced on the 1.786 Fibonacci extension from the Lower High. That gives us a projected target of 413'0. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CBOT:ZW1!Short
by TradingShot
1
Two indications supporting long tradeOn the daily, the 20MA is about to cross up over the 100. This after bouncing off the .618 Fib as support. While commentary is mostly still at least slightly bearish on Wheat, or at least not bullish, due to ample supply, there are several obvious factors going forward that make continued record production uncertain. Furthermore, the real cost of producing wheat, such as loss of biodiversity, soil degradation and wheat's role as livestock feed and which will have to be accounted for one way or the other, makes this current price unrealistic.
CBOT:ZW1!Long
by R0llins_
2
Sell Dec. wheat at 5.45 stopsell Dec. wheat at 5.45 stop **Trading commodity futures and options involves substantial risk of loss. The recommendations contained in this letter is of opinion only and does not guarantee any profits. These are risky markets and only risk capital should be used. Past performance is not indicative of future results** hypothetical performance results have many inherent limitations, some of which are described below. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown. in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. one of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. in addition, hypothetical trading does no involve fina ncial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. there are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results.
CBOT:ZWZ2023Short
by Cannon-Trading
hour ZWZ short below 570 SQ9Day view, hour frame. Shorting below 570 SQ9 level, only after market open at 15h30 UTC+1 and if below 570 is confirmed. Reasons: - on a very wide view, d ZW1 Elliott master trend counting seems to be askng for new lows back to today ZWZ hour frame: - we are below Pivot level 579.50 - Yellow asc 1/1 as bull support brokne at friay open, confirmed so far with overnigth session - Yellow desc 1/1 could be reached today after open at conjunction of other Gann line crosses and SQ9 level of 563.25 which is today conservative short target. end session ends this proposed idea.
CBOT:ZWZ2023Short
by P314159
Wheat: Harvest time is coming soon! 🌾🚜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 significantly, but would only expect a move further towards the magenta target zone.
CBOT:ZW1!Long
by MarketIntel
1
Wheat Support And Resistance With Anchored VWAPIf I look at a bigger picture chart with a renko brick size of 20 on a daily chart on ZW1! I am noticing we are at a key level of interest. We are at an area of potential support and if I use an anchored vwap starting as far as I can go back, we are sitting right on the volume weighted average price. Either we rally from here or we really breakdown to test those lower supports. Either way there is something here and I would wait for some sort of confirmation before jumping in.
CBOT:ZW1!
by FlippaTheShippa
The Unveiled Power of WheatIntroduction Ever wondered about the captivating world of commodities? Today we’ll dive into a staple that sustains billions: Wheat. Wheat has an undeniable influence on global market trends, not just for its widespread consumption but also as an important trading commodity. The prevalence of wheat, in fact, dates back to over 10,000 years when it was first domesticated in the Near East’s Fertile Crescent, making it one of the world's oldest food crops. Whether you’re an investment novice or a seasoned trader, this Q&A article serves as your comprehensive guide. Why is Wheat Important Q: What makes wheat such a significant commodity? A: Wheat is more than just flour and bread; it’s a cornerstone of global food security. It serves as a primary source of nutrition for a large portion of the global population, thus making its price and supply crucial factors affecting economies worldwide. Market Dominance Q: Who holds the reins in the wheat market? A: Countries like Russia, the U.S., Canada, France, and Ukraine are dominant players, controlling the supply chain and thus significantly impacting global prices. The geopolitical interplay among these giants can influence wheat prices, leading to ripple effects in the global economy. Inflation: Cause and Effect Q: How does wheat contribute to inflation? A: Rising wheat prices can lead to increased food prices, contributing to overall inflation. When inflation is high, the purchasing power of money diminishes, affecting consumer behavior and market dynamics. Commodity vs. Equity: A Tug-of-War Q: What’s the relationship between commodities like wheat and equity markets? A: The relationship between commodities such as wheat and equity markets is multifaceted and complex. In essence, when the commodities market, exemplified here by wheat, experiences an upswing, it can often lead to a relative underperformance or stagnation in equity markets. This phenomenon is primarily due to capital reallocation from equities to commodities as investors and traders seek more promising returns. Such trends can particularly be observed in periods of geopolitical crisis, such as the Russian-Ukraine war, where commodity prices might soar due to supply disruptions. While the bullish commodities market flourishes amidst such circumstances, equity markets may face headwinds. These movements between the markets reveal the intricate interplay between commodities and equities, shaping the dynamics of global finance as a whole. The Technical Analysis: What’s Coming Next? Q: What do independent charts tell us about wheat’s future? A: Based on Fibonacci retracement levels, wheat prices corrected to around $570 (88.2% Fib level) and will probably make a counter-move this year towards the upward 50% Fib level at $967 or even the 61.8% Fib level at $1060. Following this, we could see the price fall below its current position by 2024, aligning with similar patterns observed in oil and sugar. For the sake of clarity, trend directions in the chart are drawn in larger time values. ChartScope Summary and Outlook • Importance: Wheat serves as a fundamental commodity in global food security. • Market Dominance: Major players like Russia and the U.S. significantly influence wheat prices. • Inflation Impact: Rising wheat costs contribute to inflation, affecting consumer behavior and financial markets. • Commodity vs. Equity: In a bullish wheat market, equities often suffer due to capital reallocation and vice versa. • Technical Analysis: A potential bullish counter-move could occur in the coming months, followed by a longer-term downtrend. As we navigate through tumultuous financial waters, keeping an eye on wheat and similar commodities is more crucial than ever. So, as you refine your investment strategies, don’t overlook the grain that has fed civilizations for millennia.
CBOT:ZW1!Long
by ChartScope