Hello my beauties. I think the price of Corn is on its way to complete an accumulation phase. If the price breaches above the red trading range and successfully retests, I will enter a long position before the markup. If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair. Consider supporting me...
Fundamentally looking for soybeans to drift lower through fall and reaching the .618 level of the impulsive move higher that started last year. Since this is a continuation chart I am not married to that level but will be looking for signs of bottoming. The catalyst higher will come with Chinese buying and South American weather premium.
A few things for direction on Corn after report. Some bias for more upside longer term, but the market has been saying not so fast lately. US Dollar: Usually trends lower into major China export programs (more so for beans than corn as China usually does not buy much corn) Trends higher after export program concludes. Some resistance ahead. A move...
Good opportunity to buy sugar.On the picture I wrote why we should buy instrument above level 20.37$ .If you have some questions about this or another instruments you are always welcome to ask me.
Cont KC Wheat - Monthly: New highs recorded this week within .04 of a 38% retracement target off the 2008 high and the 2019 low. Should KC Wheat decide to move higher yet, the 50% target is a $1.50 higher at 8.87. WOW, it sure seems like a mile to get there but as you can see on the monthly chart, when wheat decides to move it usually does in quick regards. ...
Corn – Weekly Cont: The 5.47 area had the most volume by price since the uptrend began. Did the recent bump give the Funds an opportunity to bail on their longs or does it prove to be an area of accumulation for funds and end users??? Weekly support at 5.21 needs to hold for the weak longs. Further key support at 4.98. Risk is 4.66-4.37. So far the cloud is...
Line of Least Resistance determined by Underlying Conditions in my Global Macro Campaign. Price Action Behavior suggests short attack taking advantage of sellers at previous breakout, to accumulate for next wave... which is building up quickly. I will know if my suspicions are correct at the median line. US-China tensions will make the supply scarce, and NATO...
Cotton Futures open in China limit up after holidays. PTA (Purified Terephthalic Acid ) futures still in corrective phase and one to watch as Cotton replacement may kick in. PTA may lag but should mean revert
Recently we've watched FLWS and aggriculture names move in a correlated way during the waves of inflation experienced this year. Could this trend be growing tired?
Slowly crushing all levels put out previously There is absolutely nothing going against this trade: 1. Inflation is positive for the price 2. Logistics and all of the shipping BS is positive 3. Winter is coming...can harvest more supply until next year 4. What am I missing? 5. You know what happens after you put a claw like looking rounding bottom like...
it seems to be necessary break top resistance and then we would enter to position for 3-4 days :D let see what will happen...
OANDA:WHEATUSD recently hit a high around the $7.16USD area and has been in a small downtrend since. It looks like it may be ready to head back upwards and test resistance again after a nice bounce off of support. Entering around the $7 mark would give us about a 2.37% retrace up to resistance and would be a perfect bounce off of the 0.5 fib. RSI on the 30...
Good opportunity for short position below 18.73 for sugar.
Hello my beauties. The chart of coffee suggests a violent bullish breakout of a multi-year downward trendline. The price will probably continue its uptrend, but it is now signalling the beginning of a phase of re-accumulation; the price has reacted strongly with a sudden move to the downside that has stunned the price sideways. I will wait for further...
Anticipating higher prices for Wheat Futures Commercials are net long, and market structure is favoring higher prices.
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Yesterday I posted an idea about cotton(short lower 92) and it goes down 3,5% .Reason for short have 3 main things : 1.Key level 92$ from D1 timeframe. 2.Instrument closed close to our level. 3.Clean area below our level. With risk 20 cents it gave us 3 dollars profit. Personally, I did not go into this tool becouse my login model was not there. The main task is...