wheat Completion of wave y of the compound binary wave, and completion of wave b at prices 945 We expect wheat to decline in the coming period after ending the correction pattern as we explained, and we expect a decline as prices are less than the decisive point 945, which is the crucial point. Important, a point for the next period and the beginning of the wave retreat
#FOOD #SUGAR Cheap sugar is only in our dreams. At the moment, the accumulation phase is nearing its end. The technical figure "flag" begins to be traced, the exit of the market from which, according to the canon, should take place upwards. The first target will be the resistance level ~24. Its breakdown will send futures with a high degree of probability to...
DB. commodity index We expect the index to continue declining because prices are below the 27.05 resistance point, and wave (2) has already ended and started falling in waves (3). We expect prices to drop to 1.618% at 22.18, but currently, we expect the correction to continue to 61% at 26.06 to end wave 2 before descending again.
cocoa After the decline and breaking the bottom of 2313, the commodity became to decline in the coming period, and we expect the completion of the ((E)) leg at lower levels that may reach the level of 90% before the rebound and reversal and the decisive point 2092
Corn The decline continues, since trading is less than the top of the B wave at 699.75 prices, and this decline continues to lower to the end of the III wave, targeting 585.75 prices in the medium term as well as in the long term
Let's start with observing 2W chart, here we can see that: 1) price has been grinding across the trendline, which acted as resistance 2) following rejection at the resistance, we had a move down to ~0.174 range which formed a strong support 3) If the week closes at 0.18335 or higher, we have an official breakout from this sub-structure and impulse should take it...
NSE:MAGADSUGAR small cap is forming triangle pattern . PE lower than peers . Consistent dividend payer. Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common. Caution : This is a knowledge sharing analysis, not a call.
DB. commodity index We expect the index to continue declining because prices are below the 27.05 resistance point, and wave (2) has already ended and started declining in waves (3). We expect prices to drop to 2.618% at 20.02, but for now,
sugar The continuation of the correction in wave 2. on the sugar, and therefore to complete the correction pattern after the last rise, the rise may continue to prices of 19.06 at the level of 78% to end wave 2
wheat The completion of the wave (C) of the flat irregular wave, and we expect wheat to drop in the coming period after ending the correction pattern as we explained, and we expect the waves to end at a price of 885.00, which is the decisive point for the coming period and the beginning of the decline in the wave
corn We expect a drop in corn grains in the coming period and the end of the rise in wave ((C)) of wave II and the beginning of the decline in wave III targeting. prices of 585 and the decline depend on the decisive point 699
DB. commodity index We expect the index to continue declining because prices are below the 27.05 resistance point, and wave (2) has already ended and started falling in waves (3). We expect prices to drop to 1.618% at 22.18, but currently, we expect the correction to continue to 61% at 26.06 to end wave 2 before descending again.
SUGER We expect a drop in the sugar commodity, since prices are below the resistance point of 18.70, and we expect prices to target 17.61, and we also expect more decline in wave ((iii)) target prices of 16.69 in the coming period
A very good resistance in breakout in renuka sugar and they also have big support of rsi bcs a good breakout was also done in rsi with heavy buying Buy it at 51.50 Target 55.60 56.65 59.60 63.20 Sl 41
wheat The completion of the (C) wave of the flat irregular wave, and we expect a drop in wheat in the coming period after ending the correction pattern as we explained, and we expect it to target 773 at 1.618%, or it may continue to 2.618% at 744 since trading is the lowest point of resistance 839.25
The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: its my view only and its for educational purpose only. only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only...
coffee We expect the rise to continue to complete wave 3 of wave (5). We expect it to continue to 1.618, targeting 248.55. we expect not to break the support point at 209.45, which is the bottom of wave 2. Currently, we expect a correction in wave ((iv)) before completing the rise.