XW1! trade ideas
Wheat market is now at the weakest stage. Time to short.We are long the PUT options since 535 - we wanted to limit our risk. Now it is safe to short the futures, as the market is very weak technically and fundamentally. Sell on a CLOSE below 492.25, stop loss on a CLOSE above 507. 435 is the price target.
I have been travelling around the wheat region in Russia last week - observing the crops, talking to farmers. Planted area this year is very large and most of the crops survived and are looking healthy. Weather conditions are excellent. Prices as low as 416 and 381 could be reached if we see our preliminary target reached before August 31.
*Please remember that futures trading involves a substantial risk of loss and is not suitable for all investors.
Inverse Head & ShouldersLong if closes over 530.5 with uptred established
Possible Stop under 519 after break out
Not a recommendation.
ZW1! Good Entry BuyIt seems to me that ZW1! will increase in the next few minutes. Anyone who needs an advisor, I'm on duty.
Note:
(When I set the target and stop loss in a number that does not mean that the price will reach it, I only gave a buy or sell signal according to the analyzes that I performed in the chart and I delete it later, in order to share it with you so that you have a clear picture and you can read it in clear way
2, when you decide to use my ideas in your trading, please contact me to inform you of some things and monitor the position together without specifying the target or stop loss, we will decide when to open and close the position, thank you !!)
food shortages manufactured by the powers that be: corn to moon?demand will skyrocket once the media tells the people
Wheat on the side while riding goldHey, I've been looking at grains a bit and I think wheat could be going down.
On a pullback there is a good r to r.
It is on a global downtrend and it convincingly broke to new lows on the lower TF.
It sort of always goes down around this period
Global trade & weather have a big impact I guess.
Here you can see the past weather: www.timeanddate.com
Here are averages: www.holiday-weather.com
Chicago is in the averages. Most places are below, France has had a freezing summer brrr.
The weather data is obviously run by climate deniers.
The CME website: www.cmegroup.com
The biggest producers of wheat are the same old same old... China USA India Europe South-South-America. And to a lesser extent pretty much everywhere except Africa.
Some of the top biggest exporters are Russia Canada the USA France Argentina Ukraine...
Argentina I think is the biggest net exporter there is in % of what they produce. India is self sufficient, China is barely I think.
I could list all the net exporters but it's easy to remember. It's the white countries.
Basically the most important weathers I think are NA & Europe.
And China news/catastrophic crop ==> boom.
Probably will trend down, hopefully without too much choppy pullbacks.
Would be nice to look at something other than gold here and there.
US Wheat futures ( ZW1!) - Stay Long - Simple zigzag patternUS Wheat futures ( ZW1!) is in ABC zigzag in 4 hr chart from last major low as shown on the chart. It has completed impulse wave A and B wave as complex wxy correction, where w and y both are zigzag in nature. B wave is now over. So C wave will be the next big up move expected, which is an easy swing trade as per Elliott wave set up.
Wait for confirmatory impulse in 10 min time frame for reference and deciding stops loss as low to get in to trade for C wave. Once you get in to trade then stay in to trade till the price crosses the high of wave A.
ZW NOW
ANGLAIS :
Hello wheat is now in oblique resistance and in fierce descent, but if it breaks the blue resistance, the wheat will return to its original price and rise more and more
FRANÇAIS :
Bonjour le blé est maintenant en résistance oblique et en descente féroce, mais s'il casse la résistance bleue, le blé reviendra à son prix d'origine et augmentera de plus en plus
ZW December 20 Futures Wheat short bis 496 and long 580 till DecPull back under 500 and rocket to 580 until end of the year
ZW1!↗↗↗It seems to me that ZW1! will increase in the next few minutes. Anyone who needs an advisor, I'm on duty.
Note:
(When I set the target and stop loss in a number that does not mean that the price will reach it, I only gave a buy or sell signal according to the analyzes that I performed in the chart and I delete it later, in order to share it with you so that you have a clear picture and you can read it in clear way
2, when you decide to use my ideas in your trading, please contact me to inform you of some things and monitor the position together without specifying the target or stop loss, we will decide when to open and close the position, thank you !!)
POTENTIAL CONTRACTING TRIANGLE PATTERNDISCLAIMER :
The content on my TRADINGVIEW profile is for informational and educational purposes only and is not and should not be construed as professional financial, investment, tax, or legal advice. Trading has large potential rewards but also large potential risk. Do not trade with money that you cannot afford to lose. The past performance of any trading idea is not indicative of future results.
US Wheat future (ZW1!) sell for C of (B) then go long for (C) upUS Wheat futures (ZW1!) is in (B) wave correction as WXY complex cycle, where Y down is in progress as ABC. B wave is in progress as abc zigzag, where c of B is forming ending diagonal, so sell near 536 when it finishes for C of Y wave down for target of around 509.
When C wave over as (B) wave, then go long for (C) wave up for bigger target, so go long near 509 after impulse confirmation in 5 min time frame, for target of 565 or higher.
US Wheat futures (ZW1!) - Bearish & bullish trade set upUS Wheat futures (ZW1!) is in (B) wave, which is futher subdividing in double zigzag price correction as wxy, where y wave is in progress as abc zigzag. wave b of y is in progress, so stay bearish when it over for c wave down of y wave. It should be very quick trade as price is in zigzag.
When (B) wave is finished in double zigzag wxy, then stay long for (C) wave up move in impulse as overall price is in ABC zigzag in bigger time frame.
So both sell and then buy trade set up will be there back to back.
the ZW1! Preparing to flyIt seems that there's a big probability over 90% that the ZW1! is preparing to fly today. and this probability is verified by the most important and Fundamental line in this chart.
