10yr Corn outlook: 1 thought (of many I have) on the potential course of the corn market for the next 10 years. I feel the job of the market is to find a price high enough to ration future demand. Could be 7.80, maybe 8.50, or even 9.50. The potential is there for any of those numbers to mark a major swing high for Corn. The higher that mark is nearby, the...
Wheat came back up on a tear so I decided to Take Profit at 1315 from 1250 for some nice profit. My plan now is to wait for wheat to fall back some overnight and buy again either late tonight or tomorrow and ride price up again. Congrats to all who followed this trade - enjoy your Profits!! Stay safe. Heiko
📉 Expecting bearish price action on WHEAT as price should retrace back to fill the BULLISH GAP'S, we are in a bullish market strucutre on a HTF but right now i expect the retracement What do you think? Comment below..
The price of Wheat is going parabolic and most of you are wondering, does this spell a recession? Historically, almost every time wheat prices spiked; a recession soon followed. In the early 1970's when wheat prices peaked, the markets pulled back 41% in about a year. Then, in the early 1980's, we saw the market pull back 23% in about 600 days. Interestingly...
The talk of the street, since the war broke out between Russia and Ukraine, has been how aggressively commodities have been rising. Of course this rise hasn't started this month or the previous but is the outcome of inflation running high on historic levels since the March 2020 COVID crash, when global central banks (more importantly the Fed and the ECB) engaged...
MOS move above 17 may indicate a clean breakout move targeting 30 - interesting long play in Agricultural related equities
How it works ? Ask me in comment my chart analysis of the asset you want if it didn't have already done under. If I find something intersting to say and show, I will update the idea with it. A comment of each asset expose will be post under, come react about it or debate. Before to start I want to remind that we are in a period of conflict and news can emerge at...
Good morning Traders It has come to my attention that people didn't know the fact that Russia is the world's largest exporter of wheat. And Ukraine is the fifth largest exporter. Anyways, here's the chart. Make your own conclusions.
Wheat Futures - Hit All TIME HIGH after gap up halts. Wheat is up 75% since January. The conflict around the world has accelerated the movement in the wheat market. What will the US do to bring things back into balance?
Wheat came down for the first time in over 5 sessions so I was looking for a pullback and then I could hopefully get into a Buy Order. I did put in a Buy order at 1250 less than an hour ago. Markets are crazy wild with prices moving a lot. Like I have said all day today, I believe over the next 2 weeks Wheat and Corn will continue to go up. Definately there...
It doesn't matter its overbought, the price continues rising. The war can create one-time only events in the markets. We've seen the Russian Moscow Exchange closed for more than 1 week, USD/RUB skyrocketing and commodities such as Wheat going up completely out of control. We bought Wheat more than a year ago and we've added more volume as the uptrend continued,...
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Prices are on bullish momentum and abiding by ascending trendline support. We see the potential for a bounce from our buy entry at 1064.95 in line with 23.6% Fibonacci retracement towards our Take Profit at 1243.67 in line with 200% Fibonacci Projection. Technical indicators are on bullish momentum. Any opinions, news, research, analyses, prices, other...
Bitcoin, Ethereum, Solana, and cryptocurrencies as a whole are caught in consolidation where a breakout to either side will define the trend. Stock market indexes of S&P 500 and Nasdaq have given a bullish signal but where will that change? Commodities like oil, wheat, and corn are ripping. Gold and Silver are giving bullish breakout signals. Tech stocks are...
The same view on CORN as on WHEAT chart, we have a nice bullish market strucutre but looks like price is very exhausted and right now we should see a corrective movement down ito 700/600, we have a lot of bullish gaps on it's way and price should retrace to fill those. On a long-term perspective i am still bullish based on the fundamental context. What do you...
This week i expect bearish short move on WHEAT as price finished its impulsive movement on the bullish market strucutre, price made a lot of bullish gaps on its way to the current price meaning it will go lower soon to fill those gaps. On a long-term basis i am still bullish and i will look for LONGS once retracement ends, this is kind of a risky counter-trend...