ZW long buy target 850Good setup for technical analysis Good fundamentals, tight supply, high demand Longby namjignerak0
ZW Small Time-Frame Buy Pressure Hi every one ZW break VWAP then return for Pullbak this is a great indicateur for buy Traders, if you liked this idea or have your opinion on it, write in the comments, I will be glad. Thank you for seeing idea . Have a nice day and Good luckLongby zak120
short wheat - failed breakout, & confirmation of existing wedge saw wheat form a wedge which saw an upside move higher. The price break did not hold and it fell back into the existing wedge within a week. It broke down through the lower bound of that wedge today which confirms a move to the early formation of the wedge. A potential extension forms when that wedge may confirm a larger double top. GLTAShortby edzim1
Wheat going nice , soon 875$my eoy target is above 1000$. i have been following wheat for one year now lets see if we can reach all times high this year.Longby CrocoCrypto1
analysis zw daily hello traders today i share with you my view about zw , there is potential in this chart it is solidLongby Samir_Tou220
wheat futes searching for bid above 18'4If we break above 18'4 we will likely retest the highs as the recent highs were front run with resistance slightly above there. If we take out the recent low, I'm neutral as no clear sign that we retest the recent low all the way down at 594. The fact that we moved above recent resistance should favor the bulls. Wave pattern is suggestive of correction rather than new impulse down. See my other post on corn. One way of playing this would be to engage in a spread trade e.g. long wheat/short corn, depending on price action. Longby Wilson-Speculations0
Wheat Futures September 2021 ContractThe pattern is currently doing a sideways or consolidation in 1 HR and below. It looks like the selling pressure is present unless if its breaks the red line resistance with a strong buying force. Other confluence for shorts are: 1) Pattern making a reversal at a 61.8 Fibo level 2) Seller coming in, can be seen in Volume 3) Bullish momentum getting less and less 4) Price break 100MA, but yet to respect it. Entry guidelines: - I will wait for the price to break the trendline and the support area before going into a position targetting 160-170 ticks below. Good luck!Shortby AMianz0
Bullish Arc forming on Wheat pricesA bullish Arc on the Wheat futures contract suggests a move of at least 100% by 2026.Longby JaceStryker1
Elliott Wave Analysis: WHEAT Is Still Looking For The BottomHello traders and investors! Today we will talk about commodities, specifically WHEAT, in which very interesting development. Well, as you know, commodities have been very bullish for the last year and some of them made strong and impulsive rise, but this is not the case for WHEAT, as we see slower price action and corrective wave structure from the lows. We are talking about (A)-(B)-(C) flat correction where wave C has ended within an ending diagonal (wedge) pattern. The whole structure belongs to a higher degree wave IV correction of a bigger monthly wedge shape that can send the price back to lows for wave V before market finds the bottom. What we want to say is that maybe it's time for a slow down in the commodity market, where WHEAT could be on of the weakest, especially after recent strong and impulsive decline back below lower ending diagonal pattern, which confirms that correction from the lows is completed, but real bears may show up below 600 region! Be humble and trade smart! If you like what we do, then please like and share our idea! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only. Shortby ew-forecast225
zw1Rebound from support heading up, the target and the stop indicated, or according to the price behavior Longby alhirUpdated 0
Wheat is about to resume the uptrendThe volume is picking up on way up. Waiting for first impulse to complete and subsequent correction.Longby JanggUpdated 0
Wheat - Cheeky LongThis is inspired by a news piece on rat infestation problem in Australia destroying crops amongst other things. Fundamentally, there is fear of inflation and USD weakness. I am aware that this is US Wheat price but I assume that global wheat problem would affect prices somewhat. Longby superweijieUpdated 330
Wheat Now Oversold, Bonds OverboughtBonds have been strong on a sell-off in commodities. But now products like Wheat are oversold at support, while Bonds are overbought at resistance.by chrisbrecher0