NYSE:BROS +3.85%on 05/06/24 is a powerful contender for Starbucks customers. Living in southern California, I've started seeing DutchBros popping up around town (are they any good?). One thing for sure they've gotten right is their amplified focus on delivering the best customer experience. One thing that the NASDAQ:SBUX Starbucks former CEO Howard Schultz...
As April unfolds, investors and traders in the corn futures market find themselves at a critical juncture marked by seasonal trends and heightened volatility. Historically, April has been a period of growth in corn prices, driven by various factors including planting intentions, weather conditions, and demand patterns. However, the current landscape presents a...
The corn market is buzzing with positive signals today , promising strong profit potential for investors. Our assessment is spot on as corn prices are exhibiting a robust recovery trend. Across all key timeframes - 4 hours, 1 day, and 1 hour - the upward trend is evident, presenting golden opportunities for investors to seize. Particularly noteworthy is the...
NASDAQ:SBUX Has had a tough week (dropping -17.7%), topped with a demand from the former CEO Howard Schultz to shift focus from the current data-driven business model to a customer-centric business. With the above being said, I believe the coffee giant will recover amid rising competition from Dtchbros $NYSE: BROS and Dunkin Donuts $FINRA:...
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. ----------------- RELATED NEWS: WSJ...
Wait move up in channel to 0.213. Down channel. Wait target upper line. My target 0.50% Fibo.
Is this a massive Head and Shoulders pattern for Sugar? The head and left shoulder are complete but will the right shoulder form and head to the mid 7s? Time will tell and we'll know by early 2025. This all started in June 2014.
Wheat is once again showing its bullish side and is taking the first upward step out of the sideways movement of recent weeks. In the further course, the price should now continue the blue wave (c) and complete the superordinate wave A in turquoise. Following this, we expect a sell-off. Within the framework of our alternative scenario, however, it remains 37%...
Wheat 2 years after topping out at the PCZ of a Bearish Shark that initiated a downtrend in 2022, has now come back to the top side of the range wheat traded in between the years of 2016 and 2020 before ultimately confirming the bottom at the PCZ of a Bullish Deep Gartley in 2019 and breaking free to the upside of the trading range in late 2020. Now that wheat...
Wheat Technicals (May) Wheat futures shot higher overnight but got stonewalled by what was previously trendline support (now resistance). A failure to close out above 550-555 keeps the Bear camp in control with a potential retest of the lows still in play. Further escalation in the Middle East could turn the tide back to Bullish. Bias: Neutral/Bearish...
Soybeans Technicals (May) May soybean futures broke lower but found support at our 4-star support pocket which we've outlined in recent reports as 1128 1/2-1133 1/2. The Bulls need to see this pocket defended, a failure to do so could accelerate the selling pressure. Below this support pocket and prices are back in uncharted territory, the next support level...
Soybeans Technicals (May) May soybean futures attempted to hold ground yesterday, but it lacked conviction. Prices are giving back those gains in today’s trade. 1155-1160 is the first resistance pocket the Bulls need to overcome to help spark a bigger relief rally. A failure to do so keeps the potential for new lows alive and well. Bias:...
Wheat Technicals (May) May wheat futures broke lower yesterday, after struggling to maintian price action above trendline support in the previous two sessions. This has the Bear camp back in the driver’s seat as we officially enter the back half of the week. A close back above 550-555 would neutralize the recent bearish action. Bias:...
Soybeans Technicals (May) May soybean futures broke back below support yesterday which accelerated the selling pressure and keeps the door open for a retest of the February lows in play, that comes in from 1128 1/2-1133 1/2. Bias: Neutral Resistance: 1155-1160***, 1170-1175*** Pivot: 1150 Support: 1128 1/2-1133 1/2**** Fund Positioning ...
Wheat Technicals (May) May wheat futures traded in a wide range yesterday, on both sides of unchanged. This morning, prices are attempting to firm as the market revisits our pivot pocket from 550-555. The Bulls will want to see consecutive closes back above this pocket to spur a move back towards the recent highs. A failure to do so could put the Bears in...
Soybeans Technicals (May) May soybean futures had a strong close on Friday, finishing back at resistance from 1170-1175. An impressive showing considering prices traded down to 1151 in Thursday’s trade. The Bulls want to see consecutive closes back above 1170-1175 to put the ball back in their court. A failure to do so could keep sellers active. If the Bulls can...
Wheat Technicals (May) May wheat futures are under some minor pressure to start the week and are flirting with our pivot pocket from 550-555. If the Bulls fail to defend this pocket on a closing basis, we could see additional pressure come into the market with the next downside target coming in from 537-540. Bias: Neutral/Bullish Resistance: 573 1/2-575, 595...
It is official. Inflation is back. But not everywhere. Food inflation is on the decline. All three major crops, Soybean, Wheat, and Corn have declined substantially. Bearish sentiments rings loud across agri with ample supplies combined with solid harvest expectations. Among crops, corn has fared best. Its prices have not declined as much. Corn outlook is...