Chainsaw on the wheatNot so nice and jolting "pumps" on the chart of wheat. It means that all of these assymetrical, not impulsive price pumps have corrective role. Obvious, because all of these are moving in one nice and clear corrective channel. I'm waiting for the last HH. Bullish, than bearish Shortby HerWill111
Wheat Rally back on with Russian AnnexWheat surged $60 last night as Russia annouced votes in the local donbas regions they control in Ukraine. Critical to the wheat exports the port in that area also means perhaps sanctions and increased fighting may hurt global supply already under pressure. Adding to momentum is global headline news about beer shortages which adds to the grain rally. As long as these issues persist Wheat may trade aggressively higher as commodites move alot more sharply with the start of the war brining highs of $1300.Longby easyMarkets4
Wheat - bet on harvest surprises?Technicals: After large rally in the beginning of the year followed by similar drop over the past months, Wheat has been consolidating in 750-850 range. From the technical perspective, I am missing a convincing rejection of the lower lows before a rally can take place. However if the fundamentals were strong enough, they would subsidize for such price action. Fundamentals & seasonality: → Wheat is known to drop in August and September in anticipation of harvest. This is exactly what has been happening, but the markets are likely to either calm down and wait for harvest numbers, or will turn back into rally if the numbers are back. For the moment, the future contracts are priced slightly higher than the present ones which means the market anticipated risk and price growth in the future. → A lot of high-yielding regions of Ukraine are either occupied or under siege. Also, the logistics is disrupted in the region. → Fertilizer prices are an issue. Catalysts: It will all come down to harvest. Price can go nuclear or it can continue sideways. I am personally looking to get a long position somewhere after a technical setup arises - either a strong rejection of the lows, or reasonably strong breakout of the consolidation range high.Longby OrcChieftain6
Wheat Watching I've been watching Wheat and Soy for a couple of weeks here as I've never traded them. I feel like I have a decent enough understanding of how they move to attempt and entry today. Got a bullish signal with price action context for a potential long trade, looking for retracement entry. Longby RuckSackUpdated 0
WHEATMy prediction for this symbol is bearish and the price may continue its downward trend until the predicted level.Shortby Samurai_Forex112
Wheat, what do you doTechically speaking, my perspective to go LONG: 1. Touched a strong rising trendline (white oblique line) 2. Price on 0.618 Fibonacci level 3. There are a lot of supports below current price than resistances above (horizontal red lines on charts) 4. Price is close to important volume cluster 5. Buying divergence in RSI indicator 6. Daily volume falling during the last downtrend 7. August is a good month for swing trading WHEAT (not the same for CORN and SOY) as of my custom backtesting made with python over last 50 years The only one thing i see opposite to my technical odds for a long opportunity is fundamnetal and related to agreement in the wheat export from Ukraine, more supply less shortage, but the market coud have included this during the last drop. As per my backtesting, would to go long in August for a 5-day swing trading duration, before future expiration of 17 August due to wheat's contangoLongby giancarlopagliaroli2
WHEAT - At major supportWHEAT has fallen back to long-term support line and MACD is showing signs that selling pressure is slowing down. Price rise could follow after MACD crosses up bullish.Longby TheTrex3
Will wheat be indifferent to the federal interest hike ?Will wheat be indifferent to the federal interest hike ? maybe , price is in Neutral triangle and is ready to fly againLongby ManS-Investing1
Expensive days for world food!The wheat dropped in the qualified demand zone and I expect at least the move draw on the chart. Do risk free and then trailing stop!Longby Iman-Alipour2
Wheat Heading back to $700-800 range, supply surpassed demandWheat Heading back to $700-800 range, supply has now surpassed the demand. Ukraine is now shipping wheat from Moldova and shipping out via train etc Russia is supplying Ukraine wheat from Mauripol Russia is supplying wheat to Bandladesh and a number of African countries Australia has had 20% bumper record crop being on the top 3 wheat producers Price will go back to normal now it has almost been 6 months since the war has startedShortby smartestcookieinthejar1
Wheat:Risky tradeYes initially I wanted to wait for the deeper dip but I am liking this level here so will put in a very small position for the correction. Note its a small position due to the riskiness of the trade. Put a buy stop slightly above. Literally catching daggers! If it works its a 2.92R ....well its actually 20% of normal R! Longby taftrader0
Bounce?!Looking to take a bounce rejection from that 1000 zone. If price on daily shows retardation will buy it targeting blue zone.Longby taftrader0
US Wheat commodity USA Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series Focus: Worldwide By Sun Storm Investment Research & NexGen Wealth Management Service A Profit & Solutions Strategy & Research Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures | USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision. #debadipb #profitsolutionsby Sunstorminvest0
Wheat approaching 1000 numberWheat retracement is about to reach 1000 USD. It is a perfect place to bounce off and start climbing back up. Next contract in line is more expensive, so with respect to seasonality and geopolitical risk, a growth should be expected.Longby OrcChieftain3
LONG $WHEATIf the trend line holds, we could see a big pullback to the upside. ****Disclaimer: This is not an financial advice, it is only for educational purposes.****Longby Andrej_Ipavec0
Wheat down HardTaking into consideration the situation in Ukraine who is a big contributor in the global wheat market I suggest a good old short!Shortby tradewai2
WHEATWHEAT make market shift, now waiting for correction and potential BUY Remember DYORby dukat-investUpdated 1
wheatwe have a 2 senario 1: w4 can be complete as a triangle and finish soon as possible. 2: w4 can be continue and we are at the wb (triangle form) i think scenario 1 can be happen by RMNAV900
WHEAT F DAILY TREND FOLLOWINGTaking into consideration the situation in Ukraine who is a big contributor in the global wheat marketm I suggest a good trend follow set up on the Daily chart. Approching that crucial MA50 and Fib retracement 50 % Buying, 0.5% Capital STOP FIRST touch on the MA 50 TP 1 40 % of the position 1092.26 TP 2 40 % Position. 1239 TP3 TBD laterLongby bi0man442
Wheat back at Key $1000 levelWheat has been the most volatile commodity since the war started and we have fallen back to $1000 as peace talks improved. Similar to Oil though peace will not fix the supply/demand issues with Ukraine and Russia accounting for 30% of wheat exports. The consolidation period is likely over and if we can get some positive price action more buyers are likely to come back to a very tight supply market. A close below $1000 would hurt bullish sentiment. easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. “Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party."Long05:08by easyMarkets4
Wheat futures, potential for bounce! | 23rd March 2022Prices are approaching a pivot. We see the potential for a bounce from our buy entry at 1032.19 which is an area of Fibonacci confluences towards our Take Profit at 1105.47 in line with 61.8% Fibonacci retracement. RSI is at levels where bounces previously occurred. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.Longby Rockqet0
Wheatfutures potential for a further dips! 28th March 2022Prices are on bearish momentum and abiding by our descending trendline resistance. We see the potential for further bearish continuation from our sell entry at 1107.77 in line with 38.2% Fibonacci retracement towards our Take profit at 1034.89 which is an area of Fibonacci confluences. Prices are trading below our ichimoku clouds, further supporting our bearish bias. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.Shortby Rockqet0