ZC/ Corn Futures has been rejecting current level for the past few days. A couple months ago it completed a bearish bat pattern in where price reacted nicely and is currently retesting the area. Shorts/ Reversal is expected from this area.
wheat has a 6month cycle, between northern and southern emisphere crop, looks like it will begin a supercycle, like all commodities. by a thecnical point of view, it's forming a H&S. wheat is a quite "dangerous" commodity to trade so i don't think it's a good idea entering before the pattern ends it's forming and starts going down from that neckline, multiple...
SUGARUSD Ascending Triangle; Symmetrical Triangle; Exponential Moving Averages; Trend Lines
I still have one open position and trailing my stop loss.
Drink Coffee and wait for $300 !
Rough market cycles are derived from significant resistance and support using the sine wave and cycle line tool. In tandem with this, the market cycle based reflex indicator cycle line has crossed trend line, as well as the 8 hour fisher transform being "overbought". I would not place a trade based on any of these indications separately, but collectively I believe...
The attempted breakout was confirmed last week. The long term up trend in price is expected to continue. This is a follow up from my previous post.
Brief for Agriculture: - Price inflation of commodities and tailwinds of seasonality will provide a bountiful harvest this year's end for agricultural commodities. Focus points: Coffee: Oats: Soybean: Soymeal: Cotton: Most interested in Coffee and Oats, as they are showing strong trends entering into the bullish season, but eagerly awaiting Soybean...
Quick and dirty trade idea on soybeans. Nothing fancy by any stretch of the imagination. Previous 11.85 support is being tested, maybe we can make a dollar or two based on a quick pivot to the upside. As a result, a very tight stop loss is in order, this trade has a very high reward / risk ratio. No time will be wasted, the market shall crash though support and...
Will we see a breakout from this 3 year rounded bottom?
SUGARUSD Entry 0.19276 Entry 0.19186
Likely to follow uptrend changed in MACD consolidation yet Break out Target 1 - 243.30 Target 2 - 267.80 SL -170.90
Please buy and HODL. All the reasons are on the chart!
If a candlestick closes below 0.19318, then I will exit my long positions. A double top pattern formed on the chart which indicates a reversal.
As we all know we had several flash floods this year and most probably we will have them more in coming years. Those flash floods are affecting the agricultural fields badly. Let me clarify; Once the flash flood hits a region top soil is removed and it goes to seas. So next season on that land becomes less productive. These kind of effects will make the prices of...
Oat milk has exploded onto the scene in the last six months. Oat milk does appear to be a superior product to both soy and almond milks for drinking, smoothies and alternative barista creamers. I believe the demand for oat milk and oat milk products is driving the rise of oat futures and the fall of soy. CBOT:ZOZ2021 CBOT:ZSF2022
Long term trend still intact. Trend continuation expected. I've been expecting a breakout from this wedge pattern for a couple weeks. Last week, the breakout did happen, but price returned to close the week back inside the wedge. I still hold that the technical pattern is extremely bullish. Fundamentals for wheat are also bullish with rising fertilizer and energy...