WHEAT FUTURESWheat custom is a very strong sharp descent and it can bounce back from the very strong demand area.
XW1! trade ideas
Wheat Futures Are at An Inflection PointWheat
Fundamentals: This morning’s weekly export sales report showed net sales 700 metric tons (MT) for 2021/2022 were down noticeably from the previous week and down 98 percent from the prior 4-week average. Net sales of 363,500 MT for 2022/2023.
Technicals: Wheat futures were able to stage a recover rally yesterday, albeit a relatively tiny one relative to the sharp move lower we saw in the prior two sessions. The Bears have the technical advantage, but a bigger recovery rally towards 1095-1102 cannot be ruled out. As mentioned, a million and one times over the last several weeks, we expect the volatility to continue so be sure to manage your risk.
Bias: Neutral
Previous Session Bias: Neutral
Resistance: 1142 ¾-1150***, 1200-1205 ¼**
Pivot: 1095-1102
Support: 1027 ¼-1034 ¼****
Wheat 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
Wheat Futures ( ZW1! ), H1 Bearish ContinuationType : Bearish Momentum
Resistance : 1085'2
Pivot: 1065'2
Support : 1027'0
Preferred Case: On the H1, price is moving below the ichimoku cloud which supports bearish bias that price will drop from our pivot at 1065'2 in line with the overlap resistance and 23.6% fibonacci retracement to the 1st support at 1027'0 in line with the swing low support.
Alternative scenario: Alternatively, price may break through pivot structure and rise to the 1st resistance level at 1085'2 in line with the overlap resistance, 23.6% fibonnaci retracement, 38.2% fibonacci retracement and 100% fibonacci projection.
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 wheat.
My current intraday short strategiesespecially when confirmed on the daily chart I like to trade short on the 1 or 2 hour chart
WHEAT
NASDAQ
BTC
CRUDE OIL
30 YEAR BONDS
notice with the filter to only enter trades above 18 SMA only the high profit signals are in play.
basic rules to go short below the bar that broke prior days high or low and to trail the exit stop above prior days high
apply
WHEAT FUTURES (ZW1!), H1 Potential for Bearish bounceType : Bearish Continuation
Resistance : 1170'2
Pivot: 1159'0
Support : 1121'4
Preferred Case: With RSI moving in a downtrend momentum and price reversing off the ichimoku cloud, we have a bearish bias that price will drop to our 1st support at 1121'4 in line with the 78.6% fibonacci projection and horizontal overlap support from our pivot at 1159'0 in line with the horizontal swing high resistance.
Alternative scenario: Alternatively, price may break pivot structure and head for 1st resistance at 1170'2 in line with the pullback resistance, 38.2% fibonacci retracement and 61.8% fibonacci retracement.
Fundamentals: No Major News
Wheat Futures ( ZW1! ), H1 Bullish rise!Type : Bullish rise
Resistance 1218'0
Pivot: 1182'4
Support : 1164'6
Preferred Case: With MACD following a bullish momentum and price breakout from the descending trendline, we have a bullish bias that price will rise to our 1st resistance at 1218'0 in line with the horizontal overlap resistance and 38.2% Fibonacci retracement from our pivot at 1182'4 in line with the overlap support.
Alternative scenario: Alternatively, price may break pivot structure and head for 1st support at 1164'6 in line with the 61.8% Fibonacci retracement and horizontal swing low support.
Fundamentals: No Major News
Wheat bearish next few weeksHi everyone, Analyzing Wheat price movement resulted in high probability of bearish run in the next few weeks.
DeGRAM | Wheat buy opportunityThe price of wheat rapidly rose and is currently pulling back to previous support levels.
A pullback creates an ideal opportunity to buy, considering fundamental factors.
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Share your opinion in the comments and support the idea with like. Thanks for your support!
Wheat 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
WHEAT FUTURESStrong penetration of the drawn price channel and good re-testing can continue to climb to the old peaks
Wheat Futures ( ZW1! ), H1 Bullish rise!Type : Bullish rise
Resistance 1281'6
Pivot: 1240'6
Support : 1216'4
Preferred Case: With price above the ichimoku cloud , we have a bullish bias that price will rise to our 1st resistance at 1281'6 in line with the horizontal swing high resistance from our pivot at 1240'6 in line with the horizontal swing low support.
Alternative scenario: Alternatively, price may break pivot structure and head for 1st support at 1216'4 in line with the 50% Fibonacci retracement and horizontal swing low support.
Fundamentals: No Major News
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Wheat Futures ( ZW1! ), H1 Bullish rise!Type : Bullish rise
Resistance 1281'6
Pivot: 1240'6
Support : 1216'4
Preferred Case: With price above the ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 1281'6 in line with the horizontal swing high resistance from our pivot at 1240'6 in line with the horizontal swing low support.
Alternative scenario: Alternatively, price may break pivot structure and head for 1st support at 1216'4 in line with the 50% Fibonacci retracement and horizontal swing low support.
Fundamentals: No Major News
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Wheat prices are soaring higher and here is why:As of now wheat was in bull rally, updating new ATH's, since the start of Russia's war against Ukraine.
Russia and Ukraine control over 30% of world wheat exports and now Ukraine can't export it's wheat because of navy blockade, and Russia tightens it's wheat export policies planning to use it as a weapon against unfriendly countries later.
A couple months ago India announced that it will replace Ukraine and Russia with it's own exports, however Mother Nature didn't like those plans as India soon got hit by anomalous heatwave of 40-45 degrees across whole country. Those, On 14th of May India banned wheat exports as crop predictions got considerably lower.
European Wheat futures already updated All-time highs, trading above 430€ and I don't think we are ever close to reaching reversal.
From technical standpoint we see triangle and we need to see longer accumulation before breaking current all-time high.
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
Wheat is soaring higher and will continue to grow. Here's why:As of now wheat was in bull rally, updating new ATH's, since the start of Russia's war against Ukraine.
Russia and Ukraine control over 30% of world wheat exports and now Ukraine can't export it's wheat because of navy blockade, and Russia tightens it's wheat export policies planning to use it as a weapon against unfriendly countries later.
A couple months ago India announced that it will replace Ukraine and Russia with it's own exports, however Mother Nature didn't like those plans as India soon got hit by anomalous heatwave of 40-45 degrees across whole country. Those, On 14th of May India banned wheat exports as crop predictions got considerably lower.
European Wheat futures already updated All-time highs, trading above 430€ and I don't think we are ever close to reaching reversal.
From technical standpoint we see triangle and we need more accumulation before breaking current all-time high.
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
May 15, 22 Wheat time for a Buy?So I put a Buy Order in at 1050 on Friday and it closed a little above that . We shall see this week if the trend continues up or not.
I'm thinking it could finish off around 1300 this week before the long weekend. I'm thinking that will be my TP - 1300.
Also, the AO indicator ended on a Green note so that's good - hoping it will continue to go up :-)
I'll keep you updated as the week progresses.
Heiko
clean short1111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111
WHEAT FUTURESWheat inside the strong grandfather's bounce zone and if it comes out of it hard and trades above the penetrating support we can see acceleration to the specific top
Mar 12 22-Wheat Buy? Will it go to ATH?So is it time to buy? Wheat ended going on a tear today - straight up!!
Question is .... for all of you who didn't get in on the profits today, do you get in now and go long? Or do you wait for a Sell Signal and go short?
Hard to say - I did make some money today going long, but I TP wayyyyy too early. Anyway, now I'm in the same boat as you guys - get in now or wait?
Went up 100 points at the evening open - I shoulda put in a Buy Order right away - missed that one too.
Thoughts anyone?
Heiko
Wheat Futures ( ZC1! ), H1 Potential for Bullish bounceType : Bullish Bounce
Resistance : 1196'4
Pivot: 1154'2
Support : 1132'6
Preferred Case: With price moving above our ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance in line with the horizontal swing high resistance from our pivot of 1154'2 in line with the 38.2% Fibonacci retracement and and 78.6% Fibonacci project.
Alternative scenario: Alternatively, price may break pivot structure and head for 1st support in line with the pullback support.
Fundamentals: No Major News
WHEATWHEAT: A breakout is on-going following a great volatility consolidation pattern "VCP"
3 supports and a pivotal point touched 4 times.
This is a good set up.
