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...
DBA noted to be on the verge of a break out.
Very quickly, here is why:
1. Weekly Candlestick pattern appears more bullish . Subtle buy signal there.
2. MACD rising and just about crossing up and the VolDiv already crossed over.
3. TD Seq is actually still in Bullish trend
4. Daily Candlesticks show a potential rebound, but it needs to break above the TDST...
Noted in my screener that the Invesco DB Agriculture Fund DBA was outstanding for the week.
A 2.3% climb for the week came after a quick 15% decline early in the year, and entrapment in a consolidation range (yellow box) between 19.50 and 20.80. The lower end of the range represents a strong support having been tested thrice this year. Meanwhile, the weekly MACD...
Decided to start looking at the Agriculture ETF, DBA.
Had been viewing it for years now since 2009, but it was in a long downtrend that never seemed to end, until it did in mid 2020.
With a fierce initial upside, and a stall in the previous months, it appears that there might be some retracement to about 18-20 levels, before a real launch.
Much is said about...
Fears of the impact of Russia-Ukraine war on global inflation and recession have escalated in recent weeks and another major issue looming over the horizon are concerns that the conflict could result in a hunger crisis as both countries account for over a quarter of the world’s wheat exports.
Wheat prices recently surged to a 14-year high, with the price of a...
LSE:COFF
WisdomTree Coffee is designed to enable investors to gain an exposure to a total return investment in coffee by tracking the Bloomberg Coffee Subindex (the "Index") and providing a collateral yield.
WisdomTree Coffee is an exchange traded commodity ("ETC"). Its securities can be created and redeemed on demand by authorised participants and traded on...
View On Soy Bean (19 Oct 2021)
We are seeing the potential bottoming in the soft-commodities and it is about go back UP higher.
For the starter, reclaiming the previous resistant of $1,280~$1,300 shall be easy.
We shall see further bullish signs soon.
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be...
Price target 67.60 by August 17. Stop loss on a CLOSE below 58.50.
Please do remember that futures trading involves a substantial risk of loss and is not suitable for all investors.
After hitting an extreme support on the weekly chart the price has been moving up in a strong impulse.
Now after creating a falling wedge the market is trying to break above the resistance area for the next impulse up.
If the price will break and close above it we can look at the retest of the structure for a nice long order according with our rules.
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Follow...
Seems like an easy prediction.
With rising levels of CO2 agri prices will keep going down.
And I guess interest in soft commodity futures will keep going down.
Especially noobs, they could not care less, they want to chase the next high tech big thing that will make them rich, er typo I mean that will make them lose their shirt. Statistically they are better off...
Corn has been decelerating for quite a few months now and is currently rejecting key resistance (monthly 200ema/200ma + monthly fibs) with a high-test.
Price action seems to be hinting at a turn from here in the near future down to $302.00, the September '09 low that sent us into an enormous rally to form the '12 highest high. I'm watching for a rejection of...
It's arguably a similar case to the former on wheat... Buying within the lowest decile in a decade, a very asymmetric return distribution, a potential break-out of the down trend.
![ZS1!: Food prices to keep getting cheaper [+Photosynthesis tuto]](https://s3.tradingview.com/i/ibaX6kCY_mid.png "Food prices to keep getting cheaper [+Photosynthesis tuto]")
