Hello,Traders! WHEAT is retesting a broken Key horizontal level of 580'0 Which is now a resistance And as wheat is in the Local downtrend I am Bearish biased so I will Be expecting a move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
I write this as I listen to Tchaikovsky's Violin Concerto in D Major on the excellent Shen Yun Zuopin platform. It seemed quite fitting for watching the world burn. When you hear propaganda on English social media on a Saturday night that a group of mercenaries are raiding Moscow to overthrow Putin, you absolutely must take what you are hearing and seeing with an...
📊 COTTON ⏱ TIME: 1W 📝It is reaching very important areas for spot purchases, and you can make purchases in a gradual and managed manner. It has also been checked for fundamental analysis and is a sustainable and strong project for the future. ⭕️risk: LOW 📍buy market:89 $ 📌TP1: 104 $ 📌TP2: 116 $ 📌TP3: 124 $ 📌TP4: 150 $ ⛔️SL: 74.5$
Cotton has been in a range for a long time. Currently, we see a reversal. The drought in the USA and Asia has significantly influenced the supply side, which is noticeable in the price. Also, seasonally, an upward trend is expected. However, the COT data from the COT report do not confirm the buy signal. Nevertheless, I still anticipate an upward trend if the...
Last week, we were looking for a potential bottom in corn. Since then, we’ve mostly traded sideways to slightly higher. However, the end of this week brings a “triple-witching” event - the end of the month, the end of the fiscal quarter, and the quarterly grain stocks report all occur on Friday. In last quarter’s grain stocks report, the market sold off fairly...
The New York Sugar Futures continues performing as anticipated. The expected ST downside correction is taking place .
We think Coffee might rise 15$ in price in coming weeks. It presents good opportunity for buying with a tight stop.
El Niño means little boy in Spanish. The fishermen in Latin America observed periods of unusually warm water in the Pacific Ocean in the 1600s around Christmas. El Niño can cause 50% variation in local weather in regions growing essential crops like beans, corn, and coffee. Soybean is a giant in global trade. It ranks among the top comprising more than 10% of the...
" PARALLEL CHANNEL BREAK OUT " High Volume Based Entry level - 98-100 SL - 90 (with previous candle below level) Targets - 107,113,118+ Market Capitalization of Dwarikesh Sugar stock is Rs 1,923.50 Cr. #DWARIKESHSUGAR Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered...
With the recent surge in cocoa prices, we’ve observed the completion of the white wave d as forecasted in our primary scenario. Given this development, our projections suggest an impending decline characterized by a magenta five-part wave, targeting $2900. Nonetheless, it's essential to consider a 40% probability that the price might reach a slightly higher peak...
Sugar continues performing perfectly as anticipated. Wave 5 in progress but rally starts showing ST hesitation which might trigger a ST downside correction in the coming sessions.
The coffee price has been moving downward since February last year within the framework of the superior wave Y in turquoise. In our primary expectation, however, this descent should not last much longer. In the orange target zone between USX 144.40 and USX 136.40, it should come to the low, followed by subsequent rises. Only falling below the zone would put a...
We maintain our bearish outlook. The market is swinging within a descending channel. ONLY a clear close above KP will abort the bearish scenario and clear the path for a strong rally.
ICE NEW YORK SUGAR FUTURES continues performing as anticipated. 5 impulsive waves with the 5th one in progress. The 5th wave will perform in 5 sub-waves.
See picture above for analysis. Price insdie daily area of supply so shorts are valid with confirmation.
Whenever the price breaks the downward trend line , there is a strong possibility for wheat to rise to the 650$
the price 570$ is the last support area for the Wheat Wheat is moving in a channel and if it reverse from this area it can rise to the 650$ . Trigger is in the H4 time frame whenever price breaks the downward trend line.
Wheat is a commodity and seasons affect the wheat price. in August wheat usually drops to the lower prices. Now, due to the supply problems and by looking at the chart , if it is below 650$ you can buy and keep it until 685$.