WHEAT: BOUNTIFUL HARVEST SOON... if you seed at the current price range.
KEY NOTES:
WEEKLY DESCENDING TRENDLINE BREAKOUT.
Monthly shifting price lines. HUGE HINT!
Weekly histogram higher lows.
MONTHLY HISTOGRAM SHIFT -- CLOSING UP TO BREAK SOON.
SEEDED LONG (long term) 628.0
TAYOR.
Safeguard capital always.
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RELATED NEWS:
WSJ...
Live swing trade in wheat. I am very curious about the result because it is December 1 and exactly at this time the seasonal tendency is to have a strong fall in the first days of December, after which the rest of the month is bullish. My curiosity is if this crash will not happen again due to technical reasons.
Hello investors, check out my idea for corn. I mainly trade corn according to harmonious patterns. The hit rate in the 2 hour time window is very high. However, always remember to hedge your positions.
Unfortunately, the first trade didn't reach the starting price, but I got in later myself. The first version of the trade is now very likely to be true.
Buy at 1320-1330
Stop at 1310
Here is my idea based on the daily chart. Currently this idea is only for technical reasons, I will explain this idea of the complete 4h route in more detail in 2023.
Here I am neutrally bullish, we see a (possible) double bottom, which if it breaks the next level of resistance, could bring buyers and even greater interest.
On the other hand, we must take into account that this correction is normal for grain, taking into account that the situation in Ukraine has calmed down and grain exports have resumed, thus all that growth...
👋 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...
HI Guys if CORN reach down 390usd probably I collect that for more than 15 % gain from its retrace action ........you see it is creating bearish flag currently.
Gooooood Luuuuuuck
CORN has overextended correction to 5.74 from a high of 6.8. The overreaction is a bit on the unreasonable side with worst DROUGHT in years endangering world's supply.
Price is back at 1.0 FIB level. This is beyond bargain / discount. Best to seed at this range.
Based on monthly data, the 'trend shift' based on metrics hasn't changed. Reversal is on queue at...
Rsi bullish divergence.
Far away from ema200, soon this average will pull the prices towards itself.
* What i share here is not an investment advice. Please do your own research before investing in any asset.
* Never take my personal opinions as investment advice, you may lose all your money.
the price 570$ is the last support area for the Wheat
Wheat is moving in a channel and if it reverse from this area it can rise to the 650$ .
Trigger is in the H4 time frame whenever price breaks the downward trend line.
Wheat is a commodity and seasons affect the wheat price.
in August wheat usually drops to the lower prices.
Now, due to the supply problems and by looking at the chart , if it is below 650$ you can buy and keep it until 685$.
Based on fundamental data (end of the harvest season). We have to see higher prices on Weat soon.
Also if we look at it based on technical analysis, the price has a really important support.
I'm entering a LONG position on Weat.
