Alot of action from the price. Should I call it price action? This is already its own expression. Price action action? If you followed some of my previous ideas you will have noticed I missed out on USDCNH and it went way down. It could do a small pullback then flush down but I am not sure this is likely. Have the feeling USD is going to recover and I know to...
You know I am a big fan of commodities and especially tight markets like wheat, live cattle, etc. These instruments are less manipulated and less speculative. Usually, they follow their setups very well. Getting above Friday’s high is potential swing entry. We have a triangular formation on the daily chart. Sometimes price makes false breakdown before the rally....
Hey, I've been looking at grains a bit and I think wheat could be going down. On a pullback there is a good r to r. It is on a global downtrend and it convincingly broke to new lows on the lower TF. It sort of always goes down around this period Global trade & weather have a big impact I guess. Here you can see the past weather:...
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...
With the breakdown in ethanol needs, general and feed lot demand, corn has suffered immensely. Recent favorable weather has also pushed the shine off the this juicy grain. From a fundamental point of view demand and exports looking to offer more support into later part of year, TA was looking good until recent sell off. The rally on 29th June shows how quickly the...
Parameters Position Size : %1 (0.01) Leverage : 50x Risk/Reward Ratio : 3.00 Stop-Loss : 328.2 Goal : 345.2 Regards.
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...
Complex overlapping corrective structure is defined by the orange median line study. Mathematical symmetry and momentum divergence at blue line $319 can signal price exhaustion as this level has been tested 3 times. The final swing looks to be developing in 5 waves of (c) and a break of wave 4 signals a reversal with a turn down in momentum target red line wave B...
Seems like an easy prediction. With rising levels of CO2 agri prices will keep going down. And I guess interest in soft commodity futures will keep going down. Especially noobs, they could not care less, they want to chase the next high tech big thing that will make them rich, er typo I mean that will make them lose their shirt. Statistically they are better off...
I am long term bullish but I see a nice test of the trend line which may act as resistance. Potentially a drop just below to grab a little liquidity and then a continuation move to the higher side back to $5.81. I am seeing the 4hr macd dropping and RSI within range to drop more. This is my first wheat chart, dont get too excited. This is not trading advice.
The figures for soybeans contain a good risk / reward ratio (1: 3). Stoploss: 8.931 Goal: 10.24 There may be some relaxation in the first place, since I don't want to forget, I have already shared my analysis.
Been a while since I posted about agri. Price is around its average now, I see no reason for it to skyrocket. I don't think this little rally is a new trend, I see it as a correction. And the short term uptrend is probably just noise that kindly comes fill my shorts. Technically the price around 490-495 is a sweet spot to short this which makes it...
Corn bounced right off the range I mentioned on my last idea, Aggressive traders might go long here but it's probably best to wait for MACD signal and further strength. Seasonally corn is Not bullish at this time of the year, so it's best to be careful with longs **If you're interested in joining a group of like-minded traders, send me a PM. This is NOT a...
I have been hovering over the buy button on corn past week. Wasn't convinced enough to enter, and now heading back to Fib retracement towards $4. The closer to this the stronger chance of a rally - from either fundamentals coning out due to crop damage and lower yields, and also some technical short closing since last rally. Keeping in mind the August report,...
this is an idea based on fundamental and technical analysis, we are at a potential buy setup as the fundamentals(the report referred) suggest a minor supply and bad planting timing of the crop. it has to be remarked to read the comment of the acreage report at the end of the document and understand how the crop grows. if focused only on the first page of the...
Oil > Not in an uptrend anymore > Expecting it to go down but not in a straight line > Not biased towards holding past the next resistance > A buy but not yet, maybe in a few days Price would decline like this: Gold > In a downtrend but a weak one > Wall street cheat sheet > I do not want to touch it yet > Wait, and look for a buy around $1200 Copper...
I built a calendar bull spread ZSQ19-ZSU2019. It has nice potential. RRR 2,5. Entry about 3,0 PT 8,0 ($550) SL -6,0 ($150)
The price in Soybeans market goes up since September 2018. There is a very good possibility to fill the gap to 1020.