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Wheat Mini Futures

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XW1! trade ideas

Long wheat!!!Hello friends Hope trading is going well. Feb was quiet month for me. I did not had too many setups on my timeframe and my pairs. Took wheat long at close yesterday. Reasons are: On weekly, i see bullish consolidation as ha delta is above 0 and price is above trendline. Chikou above price. Daily is bullish. Price is above Tenkan now and hadelta is above 0. I saw decent risk reward here. So i am long. Have stop in place in case it doesnt work. I am also watching few stocks. Will post them tomorrow. Really tired today. In case you want to check them out, they are TASR, INTC, MGM and NVDA. Happy trading.
CBOT:ZW1!Long
by xChampi0nx
CBoT wheat dailyThe daily MAY17 chart shows that price has been under control of a long term descending resistance trend line that started during the 2nd half of July 2016 which was broken by price to the upside on January 5. From there on price traded an ascending channel which has its origin at the 406 level on December 23 and offered support to price on January 30 and on February 7. Price has now again arrived at same supportive ascending line which should offer immediate support from Monday’s session onward. The ascending line starts at 445 on Monday and ends at 450 by the end of the week. We will allow price to pierce through same support but we do not want to see price trading below 427 in which case we will have to reconsider our bias.
CBOT:ZWK2017Long
by Remko
CBoT wheat weeklyThe weekly continuation chart shows that the price has been moving in a long term descending trending price channel that started in July of 2012 at around the 900/930 level and gradually channeled price down to 466 in September 2014 after which price made, although reluctantly, a new low at around the 485 level during August 2016. From late December 2016 onwards price hesitantly started making modest new highs and has not tested back the most recent low. The interesting in this price channel is the fact that price has not been testing the lower line of the channel since September 2014 and made only one modest lower lows on the chart since. Price has developed a descending wedge that roughly started between May and September 2014. The TA rule of an ascending wedge is that price, eventually, will break out of same wedge to the upside which usually happens between 2/3rd and 3/4th of the wedge and which has happened 3 weeks ago indeed. Usually, price then makes a test back to the upper line of the wedge which then serves as support which now seems to be developing.
CBOT:ZW1!Long
by Remko
Wheat Has Completed A Bearish Butterfly and AB=CD PatternI had an order set to short 1 pip above the current high of the day and didn't get picked up. I have since moved the order to the high as shown in the chart. Risk:Reward is pretty nice and looking left (further left than on this chart) there is some structure which supports this as a supply zone. Wheat has been looking pretty bullish so it would probably be advisable to wait for a bearish signal on a lower time frame. Let me know what you think about Wheat!
CBOT:ZWH2017Short
by SharkbaitAl
3