T.Bond continues performing as anticipated.The breakout of the diagonal triangle will clear the path for an extended upward move.
Beans have topped in a similar way multiple times this year. Rallying hard and giving it back intraday for a terrible looking candlestick.
CME:HE1! CBOT:ZC1! CBOT:ZM1! On August 1st, USDA Daily Hog and Pork Report shows that benchmark Iowa Carcass Base Price averages $128/cwt. This is a 15% increase year-over-year, and a whopping 70% higher than the five-year average of $75. Is pork still affordable? Meanwhile in the futures market, while August Lean Hog contract (HEQ2) is quoted at...
Soybean daily chart reached swing high and reversed. With Left shoulder also reversed before and momentum confirmation in daily chart. A short term bearish momentum may continues. Disclaimer: This is only for educational purpose and not financial advise.
zb market will be reduced today looks like pulback even where to determine st
Hey there. Just one question, do you see any buying pressure in the Volume Oscillator? No? Yeap me too, so we will strong on short. Price will make(finger cross) a reversal at the trendline and we will be exiting our position in the next resistance turn support. P/S: My position was entered yesterday at 1412.6. The reason why I posted this is because some of my...
Check my related idea. Daily cycles that fuelled the recent move top somewhere around the 22nd of January and the longer term cycle is down till late February. All upside price targets have been reached and it's time to take profit and consider short. To see real weakness wheat has to close below 650.
Read the previous idea on copper, same style but with wheat. By Jan 22nd expecting a cycle top and a price target of 660, cycle low on Feb 16th with a target of 575. *Futures trading involves a substantial risk of loss and is not suitable for all investors.
Today we discuss how the grain markets weekly opening day closed and risk levels where our trades get invalidated
CBOT:KE1! CBOT:ZW1! CBOT:ZC1! CBOT:ZS1! KE (Kansas City) Wheat - CBOT (World) Wheat These tend to be extremely reliable signals, indicating long term trends / changes, as Wheat itself has a relatively long (~7 year) cycle. (Wheat growing regions spreading from (north) pole to (south) pole.)
We are long the PUT options since 535 - we wanted to limit our risk. Now it is safe to short the futures, as the market is very weak technically and fundamentally. Sell on a CLOSE below 492.25, stop loss on a CLOSE above 507. 435 is the price target. I have been travelling around the wheat region in Russia last week - observing the crops, talking to farmers....
Wheat has just finished a corrective move and because of its nature (Wheat is a very volatile instrument) it may seem to an untrained eye that the trend is up. However, that is not the case in my opinion - cycle is down. To approach this trade now we go long September PUT options, strike 475. The approximate price target is 435 at the point when the cycle...
The breakout level of the last breakout move has beed broken, so I go short, stop on the last peak, RR is quite nice.
📍 The panic leg here is because we are reaching the endgame in the economic cycle. There is a risk of Turkish banks defaulting on this leg so watch-out for any exposure to specific sectors. If the operation demonstrated is a successful attack, then we have the final ✅ for those trading the macro move called last year: EM FX looks extremely vulnerable for any...
Thank you for your likes and shares! Much appreciated! _________________________________________________ The market has shown amazing entry point for a long trade down. The formation of a large wick followed by volumes later on gave us very profitable trades today. The support line is very strong and the market failed to break it . This is it for today!...
All eyes on risk markets and the recent rebound reaching its final stages of exhaustion. USDTRY not giving any gains back, continuing to attack the 7.00 important psychological resistance. Buyers calmly finishing their preparations for an appropriate welcome of the next risk headline, while local banks try everything they can to defend. Happy to sit long...
Hello everybody, Here is my chart analysis for Corn Futures. Monthly timeframe & long-term vision. Since its historical top at 806'4 Corn is on a downtrend. Its bearish potential is really interesting. Nevertheless, 300'0 price level could be the next support. Indeed, Corn has been drifted in a range area between 320'0 & 440'0 since July 2014. If the actual...