Here is our detailed technical review for ZW1!.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 703'2.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 812'7 level.
P.S
We determine...
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...
Nature is beautiful.
It's always balancing the underlying energy.
That's what we see here.
Wheat spurted down too fast.
The down-swing can be put in context by the Medianlines.
Here, price has reached it's balance again at the CL.
What's next? I bet for sideways to short action, until we crack the orange CIB line.
Stalking Hat on...
The last 50 years, we have seen gold, commodities, and inflation numbers move in cycles and in tandem together.
Though gold has picked up in recent years, make no mistake, the cycle between them is still intact.
If gold is leading the way, the rest should catch up subsequently.
Gold will likely remain high because of the easy money policy over the decades or...
The world is "not optimistic" that the grain-export corridor that has allowed it to ship more than 30 million tons of crops amid the Russia - Ukraine tensions will be extended beyond July, the country’s infrastructure minister said Wednesday.
The efficiency of the Black Sea corridor is faltering and crop volumes are declining. Even if prolonged, it won’t be as...
Based on the CFTC COT reports Commercials were in buys, while big correction in Wheat happened. Wheat will started new rising cycle.
Resume
CFTC COT confirmed Trend: Long
TA Trend: Long
In this video analysis, I will walk you through 3 keys:
1. My observation on these cycles
2. The super charge in the Gold, how that affect the commodities subsequently?
3. How about inflation? Will it settle at 3%?
Some reference for traders:
Chicago SRW Wheat Futures & Options – Its Minimum Fluctuation
1/4 of one cent (0.0025) per bushel = $12.50 / ZW
Gold...
When I worked as a professional technical analyst at major banks, I often encountered two common questions: Did I optimize my moving averages, and why did I use a 55-week and 200-week moving average?
To address these queries, I've created a short video. The answer is that I never optimized the moving averages. Firstly, moving averages have a lagging effect, and...
Who else is noticing #Wheat bouncing violently?
#Gold's next move might depend on this.
wheat breakdown and gold goes to sleep
what those rising support trend lines.
✅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🔥
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On the chart we can see a falling wedge in a bullish trend .
We expect a breakout of the formation. When it's occurs we will enter a long position.
Target is shown on the 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...
Opinion:
The recent escalation in the Russia-Ukraine conflict, following the assassination attempt on the Russian president, has raised concerns about the potential impact on global wheat prices. This situation becomes even more significant if Russia decides to withdraw from its agreements with Ukraine. As major players in the global wheat market, Russia and...
