Soybeans have certainly caught our attention as a classic head and shoulders pattern has emerged, suggesting a possible trend reversal. This implies a potential drop equivalent to the height from the head to the neckline, taking us towards the 900 level. Could this be signalling more downside in the soybean market? The current price action is intriguing as an...
SBUX gave the perfect automatic re-entry after tagging the mid-point pivot and returning to our original entry. Following the rules and reloading would have already ensured you now have your full investment lots, risk free. With no downside other than a $0 gain potential it's a good chance SBUX goes for it's $118.74 target. Based on how it pivoted down straight...
Cotton could be on the verge of a bullish correction before heading lower again.
Davangere sugar buy @ 70-80. strong momentum for next target of 150-200 in 6 months. buy only if you can manage your risk.
Wheat first went up after a long period of preparation to hit and complete a Bullish .886 Harmonic BAMM before then coming back down, and now it looks like it wants to bounce back up from the same area due to there being Monthly Hidden Bullish Divergence at the Previous area of Support, though this time I will be targeting a relatively lower high such as the .786 retrace.
In the last 3 trading days, the strong trend brought up Sugar to challenge the diagonal trend line. Eventually it went down yesterday and therefore it is believed to be an excellent short opportunity. Target max = $25.2
Medium-term deal on Wheat. Entrance to retest M5 imbalance The trend is downward, but the imbalance requires a corrective movement input: 668.3 (on imbalance retest) stop: 664.1 tp-1: 672.6 tp-2: 681.1
I don't know about you but I prefer Arabica Coffee to Robusta. It's sweeter, it's fuller and it's not that bitter. Anyways, I sent out this trade idea in September 2021! The price broke above the Falling Wedge and there were strong signs of upside. This trade idea was a slow pace and anyone who held onto this trade, most likely would have made very little...
✅WHEAT keeps growing And soon the price will hit The horizontal resistance level Of 727'0 from where I will Be expecting a local correction SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
The geopolitics of wheat has once again come under the spotlight. Wheat prices jumped 4%1 as news broke out that a major dam Kakhovka in southern Ukraine had been destroyed. This is not the first mishap with the dam, as both Russia and Ukraine accused each other of planning sabotage back in October 2022. In Ukraine, flooding caused by the destroyed Kakhovka dam...
Key Takeaways Wheat market is facing both bullish and bearish news, creating risks for traders and emphasizing the importance of risk management. Hard red winter wheat crop is shorter than both USDA projections and trade expectations, but news of overpriced wheat in the US and milling wheat from Europe entering the market created bearish sentiment. World markets,...
The multi-year base in Coffee, if this is a correct chart diagnosis, could send Coffee into the troposphere. Seldom have we seen "life-of-contract" multi year bases, but this could be one
Expecting bearishness for coffee the next weeks because of the seasonality, and market structure of the coffee futures chart
Sure, it is winter in the northern hemisphere so why even bother with the grains at all? ... ... Because cheap Ukrainian wheat had absolutely flooded European markets, so much so that very soon they will have to start dumping some of it into the ocean! (Right now, they are trying to air out these mountains of grain, so it wouldn't mold, but that will go only so...
Who sells wheat everyday? It’s the price-reducing wheat bears who want to provide us all with a cheap basic supply of food. "Affordable wheat for all," chant they, offering reduced-price bushels of wheat to anyone who comes their way. At the moment, they are not to be restrained in their sell-off ecstasy, however, we already see the low of the blue wave (v) lying...
Commodity: Cotton Cash Contract Introduction: Hello everyone! Today, we'll be analyzing the Cotton Cash Contract on the daily scale traded on Pepperstone. After a clear downward trend, the contract seems to have entered a consolidation phase, possibly forming a rectangle pattern. Analysis: The rectangle pattern we're observing has been forming for around...
View On Wheat(16 May 2023) Wheat is in * Uptrend in short term (Intraweek) * Uptrend in Mid term (Intramonth) * Downtrend in Long term (Last 3 months) We had a strong wake up call yesterday and it ends with bullish tones. Now $640 region is acting as strong support and it can rise higher for now. We shall see $700 region soon. Let's see. DYODD, all the...
Im short on macro time on SUGAR, just look at this chart...more timefrime means more accuracy so this is looking overbought so, i think the next step will be a distribution and after a corection