XW1! trade ideas
Opportunity to Sell Wheat (ZW1!)Hi Again,
Sharing my trade with whoever's interested. Wheat is at an all time high, i'm expecting it to correct.
See diagram above for more information.
All the best and keen to hear your thoughts if you have a different view.
Wishing you only the best.
-KAYJ9009-
Bearish on grains & wheatBeen a while since I posted about agri.
Price is around its average now, I see no reason for it to skyrocket.
I don't think this little rally is a new trend, I see it as a correction.
And the short term uptrend is probably just noise that kindly comes fill my shorts.
Technically the price around 490-495 is a sweet spot to short this which makes it interesting.
We let the amateurs trade everything to make sure they don't miss out.
Market can stay irrational longer than you stay solvent so use a stop loss.
And also, it's not 100% sure the price is supposed to go down, might be wrong.
So in any case, stop loss (or something else) is good.
ZWZ2019-ZSX2019 - Commodity Spread TradingZWZ2019-ZSX2019
Wheat December 2019 - Soya November 2019
Interesting spread between the December futures contract of Wheat and the November contract of Soya.
As it is statistically deduced from our software, in this case the Moore Research, we have a percentage equal to 87% in which this difference is reduced, and therefore, a normal convergence of the two values of the contracts that bring their distance closer to 0 rather than move it away.
The very nice thing about this type of operation is the reduction of the volatility that can cause sometimes big problems. For example if on the soya there should be some important news its value could vary suddenly and the grain, being a correlated of it, would follow it consequently and it is for this reason that through the Spread Trading these potential unexpected problems are avoided.
www.mrci.com
Wheat to rally to 600?Wheat found a bottom and has been trending up, If it could get past the report on monday or better yet rally on it, we could safely call a significant bottom in place. If you're not long from lower, it's probably better to stay on the sidelines until after Monday's report
Bullish outlook on wheatThe weather market is probably not over yet so I am predicting about 6$ wheat by the end of summer/harvest.
ZW1! plan for 18.07.2019Wheat plan 16.07.2019 is active.
Looks like price want to go below 500 point.
Main move I expect up.
Write your in comments what trading instrument do you want to I analyze.
If you have any questions, write private messages.
ZW1!want to long until top of range but short term targets are purple boxes and long/exit bottom triangle ofc
ZW1! - What to expect on 4HR - WHEAT FUTURESPossible trend reversal coming up, needs a few closes below the line marked w/ text. Simple trade guys. If it closes below let it fall, get short on the pull back OR vice versa. No trade yet, just waiting for a directional signal. Gut says short it though. NOT FINANCIAL ADVICE, TRADE SAFE!
more drop for the WHEATwheat formed an impulsive wave to the downside , we expect more movement to the downside for finishing wave four and five
