FullTimeTrader
Long

RR1!-great opportunity to buy rice

CBOT:RR1!   RICE FUTURES
271 2 4
The commodities market is not as volatile as forex but can offer great long-term opportunities.
I published an idea on natural gas             before, so far is making some profits:
NG1!-buy and hold the natural gas - investing style


Here is another opportunity on rice, we can see it better on long term chart:
Monthly chart:
snapshot

price is bouncing from a long term support and trendline resistance

Here at w1 chart we can see a pinbar at that area and EW cycle completed

We can trade it on D1 chart also:
snapshot


Best regards


Yahia.Awes
2 years ago
Never looked at rice but this one looks like it is about to reverse.
Reply
Yes, the gap is wave 3 of 3.
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