wheat is ready to go... excellent RR here... not only 3.5 to first target, but ocasion to build position towards much lower... moving stops to Be or trail *not financial advise
Wheat prices are high, Over the month you will notice this change and so you may be asking yourself why? -- The wheat prices are linked to how well the economy is doing, knowing this, about its prices you will see by looking at the chart, That determines this. -- According to Reuters, China has cancelled buying wheat, this affects the global wheat...
Wheat is itching to complete a bat pattern at 5.00… like to see a touch and bullish candle
A monthly bulldiv, a resistance turned support, and a falling wedge on the monthly that is breaking out (to the right) now, what else do you need? In the Grain complex, farmers have stubbornly held onto their stores past the December 2023 sale period because they didn't like the prices. The storage basis has ticked up since then. Maybe one more month of high...
I will monitor price action on this floor and have set alerts for entry. Wheat futures need a correction to the upside. Let me know your thoughts. The Professor
Wheat (ZW1!) has been trading within a long-term Channel Down pattenr since July 2022. The price is currently on a bearish sequence below both the 1D MA200 (orange trend-line) and 1D MA50 (blue trend-line). It appears that technically this is a Bearish Leg following the December 06 2023 Lower High rejection, similar to the one that started on the October 10 2022...
CBOT:ZW1! Wheat is currently located in a weekly Fair value gap . On the daily chart we have been rejected by the FVG (checkpoint "1") and we reached (and totally respected) the volume imbalance (checkpoint "2") . After that point price may go up or down. We should see how market opens in Monday. One possibility is that wheat might be pricing higher , heading...
CBOT:ZC1! CBOT:ZS1! CBOT:ZW1! Those commodities had a very interesting price path so far. Since the Russian invasion these three commodities lost a lot of their value. More specifically wheat lost around -50% from its peak, corn -45% and soybeans around -30%. The ag-commodities market is pricing clearly in an oversold area that I think ,in my opinion , is...
One thing that never seems to change is as one sector advances another lags and while one lags the another advances. The allure of a rising market and fear of reversal in another causes capital rotation. Looking at risk on assets they have made quite the advance into old highs and some all time highs while many commodities are reaching old lows and past long...
Sell March wheat market on open 6.54 stop looking for what to confirm technical weakness with a USDA report. Aggressive trade!
Next big crisis is around the corner . Bring it on , charts are telling something .
CBOT: Wheat ( CBOT:ZW1! ) In stark contrast to the rising stock market, most agricultural commodities have lost ground in 2023. In the Grain & Oilseeds market, CBOT Soybean (ZS) finished the year at $12.73 per bushel, down 14.7% year-on-year. CBOT Corn (ZC) closed at $4.63/bushel, down 30.8% YOY. CBOT Wheat (ZW) settled at $5.93/bushel, down 24.5%. In the...
This is the wheat indicator. Three historical upward waves were created, followed by three historical corrective waves to correct the rise that occurred, and then three historical upward waves are created again.. The game is played again and again
Massive move on wheat today that showed up on our TrendCloud Scanning System. Let's go over the setup real quick and get you guys ready for any prop trading firms challenge that comes your way. 4 hour chart is down and momentum is down as well. 1 hour momentum is down and 15 min chart is giving us a TrendCloud Signal inside of a Supply Zone.
buy March wheat market on open, stop 5.98, target 7.18
Hello to all tradingview investors, according to my previous analysis I see a great opportunity with good probability, the details are reflected in the chart, greetings and good luck to all.
In wheat today, there was an impulsive increase of approximately 4%. However, indications suggest that this surge may lack sustainability. When considering the price in relation to standard deviations, two noteworthy observations emerge: a zone of high liquidity aligns almost precisely with the range of a double standard deviation. Nevertheless, a substantial...
Wheat futures (CBOT) is rebounding from the support level, and it seam a bullish pattern is being formed - Cup and Handle! After complete formation of chart pattern, the target will be 760 US cent/bushel (23.4% increase from current level) Indicator RSI is positive