WHEATUSD trade ideas
Wheat - Weekly - Awesome chart!This is one of my favorite commodities to trade. Really beautiful moves.
I think this is still going to sell for a bit and go and test the trend line.
Now, certainly, looking at the Bollinger Bands, then it seems that there is quite a bit of space for it to drop lower and test those bottom levels. That is if it will close below the trend line on a Weekly.
If that trend line will be a strong support for it, we could see a nice reversal to the upside. If it does that, I would still be a bit cautious and if you have placed a BUY position from the trend line, then once it reached 23.6% retracement, I would look how it is reacting. If you have a few positions, you can take off half and let the other half roll, but with a stop-loss that closes in little profit (closer to the entry price). But then again, you do what ever you want. This is just an idea.
Happy trading and keep an eye on the price action!
Wheat to 6.00+?Given with the break of the downtrend and a major retest in the making, likely that this would turn into a major bullish pattern.
Sell the confirmationTouched the top of the channel. Now enter short on confirmation, could even take a breakout so be carefull and sell only confirmation candle
Major bull trend in Wheat? Buyer of dipshas a major bull trend in Wheat begun? I will be a buyer of dips moving forward in this market.
MEGA BULL TRADE
Current structure indicates we will have mega bull market and life time opportunity to trade wheat 0.24% for longer term and big winner.
Cross market analysis shows similar structure in rice and soy beans whoich support this idea,
We have clear divergance in MACD .
Dollar is getting weaker which also supports.
This trade will multiply anyone's trading account if played properly.
Wheat shorting opportunity before potentially going more up!Hello everyone, we have an opportunity to short this towards the highlighted target. Overall I believe this could go a lot higher.
For any questions leave a comment or DM me.
Good Luck
Wheat Long thesisThis is a market we are very very interested in, fundamentally and now technically price is now pointing to a much higher area in the long term.
We would look at pullback's as value areas to look for long signals as you can clearly see how price is heading after its very long term consolidation period.
Wheat: Interesting Time at Mode signalsWheat shows an interesting potential, were to confirm the weekly signal on chart. There is currently two daily modes, from which price can rally from, but it needs to clear the resistance above last week's high to do so, and hold above the mode, detaching from it for a week to trigger the advance I am showing you with this 'divination'.
Keep an eye on it to enter longs on minor setbacks.
Cheers,
Ivan Labrie.
Wheat monthly potential bottom setting upThe monthly wheatusd chart looks like it may be setting up a potential long term bottom.
+DI has crossed above -DI and has put in a solid support line at 4.090 holding for past 4 months
ADX has continued to trend up signaling a strengthening of dominant trend (+DI)
TRIX has been moving toward 0 from negative
Stoch, after being oversold for past year, has moved above 25 and continues to climb
Continue to watch 4.090 to hold. if price closes the month above this line, momentum should continue to build for up trend
Look at Weekly and Daily charts for signals to enter long position.
Weekly
4.214 is an important resistance line on weekly. A close and hold above this line weekly would signal building strength in up trend
Daily
Neither weekly or daily have clear buy signals but rather both have their ADX below 20 indicating price consolidation in all 3 time frames.
Wheat to rally from 2006 lowsDaily bull flag. Buy the pull backs on wheat. Set to rally off of monthly demand:
Wheat can be a long set up!!!Hello traders
New month is here and new trades. I noticed a set up in wheat.Let's take a look:
Monthly: Its not shown here but you can see macd is crossed up and hadelta is above zero. Possible higher low .
Weekly: Kumo is shading price. Ha delta is below zero still. Price made new low and we have green candle to start the week. Chikou reversing after hitting past candles as it can't get downside momentum. Macd is crossed down but above zero line. Prices were rejected at long term trendline but failed to make new low so far.
Daily: Prices above Kijun now . Chikou is above price as of now but we have to wait for close. Bounce from lower channel boundary. Macd can see cross tomorrow and hadelta is above zero. Prices are currently testing trendline.
4h: It's not shown here but it has a breakout already.
Confirmation will come after the close. I will be stalking this for long opportunity. But i wanted to share the chart today. Keep an eye on it .
Short wheat !!!Hello traders
Hope you guys are having a good week. This is my first set up of this week,
Let's take a look
Weekly:
Chart is bearish. Price failing to break above cloud. Now it is stuck between tenkan and kijun. Worth noting is macd which is crossed down.
Hadelta is right at zero line
Daily:
Price rejected by cloud. Back below Tenkan and Kijun. There is a trendline here.Watch for a break there which will bring acceleration . Macd is already below zero. Chikou is below price. Hadelta is below zero line. So , I am already short and on break of trendline i will add.
Let's see how this one plays out.
Wheat's been in a downtrend forever...but it's close now to endFrom $13 down to $3.70 wheat has been battered for the last 9 years - but the years of pain for farmers and wheat bulls all over the world look like coming to an end soon. Here's a trade set-up for May
WHEAT : buy the sell-offIt is clear that a reversal on WHEAT -0.60% will occur very soon.
WHEAT -0.60% is dealing with the 10 years lows and has reached an area of supply/demand from the back of the 2005. Price has also met an old trend, confirming the importance of the area.
Moreover we can see that a bullish Wolfe wave is being taken place.
Despite that, an excess is still possible (proba low though) and thats what the second green area represents.
If price goes in, it will be extremely bullish .
For now the target is set at ~8000 (to review later).
WHEATUSD bull Garthley into bear Cypher Long and Short. Bull Garthley completed. Price in PRZ at moment. Looking at extended target to complete D leg of a bear cypher. See chart for entries and targets. On Garthley move I would move move stop to break even once above .382 fib line.
Wheat - Demand LevelThis is purely a technical view as I am not familiar with wheat fundamentals (Ag fundamentalists please chime in I would love for this to be a learning experience for me); This is however my view of a potential technical validation of the Demand Exchange at 4.07 based on my general view of commodities/dx/oil over the next couple of months as I see a potential pop in the DX after through the March FOMC meeting followed by a small decline in the DX. 4.07 is also in line with the April 2007 major wheat rally kick off.
Looking forward to hearing from you and learning about wheat, Good trading all!
