👋 Good day, traders! 📈 After a two-month decline on the D1 chart, WHEATF has found support at the 540 level. Given its month-long accumulation phase and the completion of its downtrend, a breakout above the 587.75 resistance level could signal a rally towards target levels of 615.00, 660.00, 695.00, and 732.00. Consider buying entries around the 595.00-600.00...
The recent downward movement has brought the wheat price into our blue trading zone and thus the minimum requirement of the current blue corrective wave (b) has been fulfilled. We expect it to go a little lower, but gradually the price should now form the end of the wave, allowing long entries. In the further sequence, we see the price rising above the resistance...
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
Here are few points i am looking for long entry 1. Down trend finished 2. Price bouncing off a strong level 708-711 3. Pole starting point showing us strong momentum 4. Good Risk and reward trade 5.Keep im mind todays are US holiday keep an eye for weak break out / fake out potential 6.Strong break out bar AS required !!
After a 3drive in the daily TF and reaching the origin of the upward movement, there is an expectation of a rise to the $914 zone. Before that, $883 will appear as an important resistance. So don't forget position management...
2022 is not a typical year for the WHEAT. Not only it is a staple food for a big portion of the population, but after the beginning of the Ukrainian-Russian conflict, the supply of the commodity in Europe and other parts of the world is less than secure. It is expected Russia to use the wheat as a political weapon against countries that oppose its actions. That...
So I put a Buy Order in at 1050 on Friday and it closed a little above that . We shall see this week if the trend continues up or not. I'm thinking it could finish off around 1300 this week before the long weekend. I'm thinking that will be my TP - 1300. Also, the AO indicator ended on a Green note so that's good - hoping it will continue to go up :-) I'll...
📉 Expecting bullish price action on WHEAT during those times of STAGFLATION on the long term premise i see wheat price going higher making a new ath. Commodity price should rise during those times of ,,incoming reccession,, . What do you think ? Comment below..
I've been watching whaet for a while now waiting for a bottom. Hopefully last week was the bottom. I put a Buy Order in at 1000 on Friday and wheat is slowly moving up. With the war and drought going on, spring planting is screwed in Ukraine and Russia which account for about 25% of the worlds wheat. I'm in this one for the long haul - hoping wheat will keep...
General Wheat seems to generate a nasty SFP. It took out the recent Swing High and then dropped over 22%. With the monthly close coming soon i could image it going lower before finding support. I marked 4 Scenarios which i would be happy to take either. 1. Long (Blue arrow) Price moves to the red rectangle (area 1), finds support and "generates a swing"....
📌 @ridethepig ZW1! Market Commentary 17.12.2020 For buyers the breakout creates the typical starting point, one we have seen many many times before. The fact it is happening on the monthly chart is very telling, this is threatening to impulsive explode to the topside via shortages on the supply side from lockdowns and contractions in globalisation. Whatever...
📉 Expecting bearish price action on WHEAT as price should retrace back to fill the BULLISH GAP'S, we are in a bullish market strucutre on a HTF but right now i expect the retracement What do you think? Comment below..
Wheat came down for the first time in over 5 sessions so I was looking for a pullback and then I could hopefully get into a Buy Order. I did put in a Buy order at 1250 less than an hour ago. Markets are crazy wild with prices moving a lot. Like I have said all day today, I believe over the next 2 weeks Wheat and Corn will continue to go up. Definately there...
It doesn't matter its overbought, the price continues rising. The war can create one-time only events in the markets. We've seen the Russian Moscow Exchange closed for more than 1 week, USD/RUB skyrocketing and commodities such as Wheat going up completely out of control. We bought Wheat more than a year ago and we've added more volume as the uptrend continued,...
This week i expect bearish short move on WHEAT as price finished its impulsive movement on the bullish market strucutre, price made a lot of bullish gaps on its way to the current price meaning it will go lower soon to fill those gaps. On a long-term basis i am still bullish and i will look for LONGS once retracement ends, this is kind of a risky counter-trend...
📈 I just wanted to share with you the reason behind the big bullish move on WHEAT, Ukraine is the country that exports the most wheat in the Europe so the price will rise because of the supply damage. Also as we are in a RISK OFF market sentiment investors tend to buy this asset as they are thinking about PROTECTION both on money and themselves. I think we will...