Sugar futures reacted off to a bullish rejection block on Weekly, creating a breaker+ on Daily. It'll be interesting to see how this plays out in next few weeks. Target is the liquidity up top of the range.
After 3 months we close our positions on wheat. The price pulled back 25 points, leading our positions to hit the Stop Profit we had set at 769.80 to save profits, and it did. Very good are those who have deducted part of the contracts on 50%, others on 38.2% letting the remaining part of the contracts run, very well indeed. Now let's let the WHEAT go where it...
This speed resistance fan has been very well respected. If price doesn't make a higher high, I would expect a re-test of previous resistance at $58 which is also .5 fib retracement, a fresh daily level, and an old weekly level. Would potentially trade up to 1:1 extension.
View On WHEAT (12 Jan 2022) FED and Central Banks can print unlimited amount of liquidity but not food. We are expecting 2022 will be the inflationary year. Food prices are going to go up. Still on the buy side. DYODD, all the best and read the disclaimer too. Feel Free to "Follow", press "LIKE" "Comment". Thank You! Legal Risk Disclosure: Trading...
Hi Folks, Wheat has entered a bull run with a 50/200 ema golden cross as well as a 100/200 ema bullish cross for the first time since 2010! The prior run was from 2010 to 2016. Bearish from 2016 until late 2020 where we first see some bullish crossings. These stages tend to last anywhere between 4-6 years so we should see some continuation. As far as the...
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Hello and welcome, in this video, I explain my outlook in soybean
$SBUX Target 101.16 So this target hasn’t changed… still 101. I currently am selling at both target 1 & 2, and if we get a good sell off I’ll be looking to target 3 as well… (75/June expiry) —————— I usually trade both ways, but lately I’ve been focusing more to the downside because of how high the market is. It makes more sense to sell puts right now,...
Mainly goverment initiatives in NSE market gives a boost for Sugar sectors. Here what i see is in the 7D chart when there is a long trend started it goes for several candles (history) As i now see there is a blue (long candle ) this trend will continue . We may aim for 30+ in few days.
Big noticeable increase of volume and momentum showing retail/traders are coming in after noticing that we going up, Looks as wave 3 has therefore definitely started! ...and we can project the wave 3 TP @29 using the previous wave 1.
ZC corn futures, GO short for tomorrow we have an interesting probability for sell
Continuous Hogs- Weekly: Currently plotting against the February contract. Uptrend lines off swing lows, and downtrend lines off swing highs. Creates areas to watch for action and reaction points. The Red uptrend line off the Covid Crash low is trying to maintain the overall strength in Lean Hogs. A firm break below could find support at any of the dashed...
November22 Soybeans – Weekly: A break above the down trend line is encouraging, but Nov22 beans still remain in consolidation (for Now). Previous years High to Low retracements should encourage some initial sales from 12.50 to 13.10. Initial Upside potential with Primary target up to 14.14, Downside risk below 11.00…. May be good to look at Short Dated Puts...
Current Market Structure: **(Like Corn) Sensitive, with extreme bandwidth** The current Domestic and World Supply & Demand numbers paired with recent inflationary threats support a price base range (IMO) from 10.00 to 12.00. Currently risk has been to the upside and inflationary threats elevated, keeping beans elevated as well. There are to many variables...
Corn – Weekly Cont: Price action last week hit 3 major areas of resistance. (Downtrend line, Cloud resistance, and 50% retracement) Targets above at 6.44 and 6.84. Primary target at 7.08 and then last year’s high at 7.35 Lower retracement targets (not shown) at 5.89, 5.71, 5.57, and 5.43. Risk is 5.20
Current Market Structure: **Sensitive, with extreme bandwidth** (IMO) The current Domestic and World; Supply & Demand numbers,paired with recent inflationary threats support a price base range from 4.75 to 5.15. There are to many variables that could change the fundamental picture and that is what this chart and the extreme bandidth is trying to tell us. ...
After a 6-month correction, the uptrend resumes with strength and it will retest the 28.8 level again. We are long and we expect a break out on this level as inflation is driving commodity prices higher. Moreover, soybean harvests are expected to be smaller in southern Brazil this season as fields suffer from dryness, which could drive the prices up as well.
Corn prices may soon receive a major technical boost by way of a Golden Cross formation, with the 50-day Simple Moving Average (SMA) on track to cross above the longer-term 200-day SMA. That may help prices to pierce above a descending trendline stemming from the 2021 swing high.