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.
View On Soy Bean (19 Oct 2021) We are seeing the potential bottoming in the soft-commodities and it is about go back UP higher. For the starter, reclaiming the previous resistant of $1,280~$1,300 shall be easy. We shall see further bullish signs soon. Legal Risk Disclosure: Trading foreign exchange or CFD on margin carries a high level of risk, and may not be...
As per the daily chart wheat supposed to go to down for testing 700 as this is the head & shoulders pattern
managed to enter at 1313 level the price action is very bullish SL should be in the middle of the range(a little under the 0.5 fib level) but wanted to be more safe :) we should expect some resistance at the next red line level
- Aneeka Gupta, Director, Macroeconomic Research, WisdomTree Coffee prices are trading at their highest level in 10 years and is the second-best performing commodity Year to date (Ytd)1. A combination of a production shortfall in Brazil (the world’s largest coffee producer) due to extreme weather conditions coupled with supply disruptions should continue to...
ZW wheat look for support here on the yearly R2 pivot point.
Follow up to he coffee trade from yesterday. I don't still know why coffee is so bullish compared to other soft commodities. But let's not search for reasons. I bought some coffee yesterday and today it is still bullish. We might see a jump to the top end of the range since volatility of volatility is rising. PS. If you followed my plan yesterday, I'd suggest to...
Is GIS part of the global Supply Crunch? After several months our GIS retail play is holding up nicely but will they crush earnings? It seems they're poised to knock this out the park on 12 21, but anything could happen. Please DYOR before jumping in to GIS, read their prospectus & recent SEC filings, so there are no surprises. Full disclosure considering cutting...
Yes, I track commodities too.. Comparing most of the commodities, almost all of them are bearish or slightly bearish. for example, Silver has been bearish for some time now and also gold has changed from bearish to slightly bearish today with creeping bullishness. but coffee is the only one showing such a strong a bullishness, so do I buy it? If the commodities...
here is a wheat(ZW) continuous chart with traditional yearly pivot points. The BIGGEST reversals happen at the yearly pivots video webinar @ www.pivotalpivots.com
WATCHING $SBUX for entry at 101.16 —————— I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence. I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in...
Took positions in BG last year, & ended up trading out too soon. Here is a good dip & options are cheap, not trading advice just a MACRO play. As long as food prices are going up & Russian Export Taxes are increasing then Wheat Grain & Biofuels might still be valid fundamentally. Bunge is a global player so please check out their Fundamentals, SEC Filings &...
Traders, Coffee like other commodities has been on a huge run this year. But now it has reached a point of pause, correction and possibly reversal too. So coffee futures can fall down from the FCP zone. Wait for a confirmation as the market has been trending hard upwards. Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on...
It can be seen after the MA arrives and makes a small turn towards the upside, price immediately follows This can be observed on the latest MA (yellow) The price is within a Rising Wedge (a bearish pattern) but this observation of the MA's give me hope for a bull breakout, as can be seen with each MA in the past
Not legal and financial advice; Any information provided here is only the personal opinion of the author.
Technical Wise: After breaking out of the downtrend, it has been consolidating with healthy volume. Price also moving in higher low while the share price holding above 200-EMA. With this formation, I am expecting to see the price to challange recent high again and has upside potential of 70% which can meet RM 2.7, in mid-to-long term. Like my post on Malaysian...
Big chance for breaking key level for corn. I will buy instrument only with low volatility higher our price and with Stopp loss not more than 1,5$. Good luck :)