Hi there ! This is a recent analysis for ZW1! that focus on long positions. As you see at the weekly chart the price after a short breakout tend to rebounce to the median of the bollinger bands , this long swing signal it is also confirmed from ADX and RSI also tend to give a solid buy signal after the recent oversold levels. The opinion here is that ZW1! is going...
There's a reason it bounced 5%+ off the lows today. Running flat correction completed. Look for a flag on hourly timeframe to buy the breakout of. Keep leverage down and think long-term.
Hi guys and Merry Christmas ! I post my recent Idea for short positions on ZW1! with a target to 483$. As we see the movement of the ZW1! we see fake breakouts in the recent timeline. After the recent trade wars tall between China - U.S we saw a bullish momentum but it wont last anymore because didnt reached a breakout to drive wheat prices higher. So my target on...
Not really. Instead it's building pressure! All the messing around in the sideways area (dark red) is usually managed to "load the boat". If price breaks out to the upside, there's even a chance that we could forget to find a entry like I have projected with the arrows. What also pops into my eyes is the slightly exponential curve that's begin to build with the...
Hi guys ! My view is a long position for ZW1! according to G20 meeting Trump - Xi Chiping will find a short timely solution about the recent trade war , so agriculture futures will temporarely rebound i think . According to my technical indicators that i use ADX and Vortex index , they signal a buy just for a quick trade . ADX tends to achieve 40 and the + vi is...
We had a b ig volume spike on WHEAT and now we retest this area. This is a good long opportunity although wheat is the weakest among the grains (LW)
Wheat Buy Idea @Monthly Demand Zone (444.0 - 411.2) Buy Limit: 444.0 Stop Loss: 410.0 Take Profit: 490.0
Wheat Buy Idea @Weekly Demand Zone (427.0 - 410.4) Buy Limit: 427.0 Stop Loss: 410.0 Take Profit: 452.0
Finally backflip above the CL (yellow). Now it looks like a parabolic move. Let's see if we can reach the U-MLH or at least the shift (white dotted). P!
Sorry, I accidentally published my Idea from earlier today with an 1 hour chart. Here is the daily chart: Idea stays the same but the daily timeframe / daily chart is more appropriate.
US Wheat (Chicago) hit the upper line of the triangle I draw in the weekly chart. This line - for now - hold and wheat did not move higher. Furthermore, volume did not really increased during the upmove of the last two to three days. This is even more striking in the weekly chart, where volume decreased in the last three weeks while wheat moved up. This is a...
Due to a weaker Ruble, Wheat from Russia becomes more competetive which should be solved by a partial decline of US Wheat prices (and by a partial increase in Russia Wheat prices - higher demand for Russian Wheat). Furthermore, USDA does not expect a declining "Ending Stocks" for Wheat this season although US Weather around Kansas is still very unfavorable for...
The contract was in an upwards trend until it hit a trend line (1st / 2nd of March) I drew in the weekly chart (possible triangle formation). The resistance in form of the trend line hold and the price started to fall. It broke the first support line at 478 (last high) and the second support area at 462 / 459 (last low) with increasing volume. In my view that is...
Looking at a simple AB/CD move. So far we have satisfied 50% of the AB move retrace. Bearish goal is in the $407 range.
I see a weekly break out of a wedge pattern and above Ichimoku clouds for the wheat and expect the 2nd half of 2017 to be very bullish...like a spring being pressured to the max and now being released....Price has started making higher highs and higher lows on a weekly basis.
Minor supply above, entering strongest seasonal quarter $ZW_F