View On WHEAT (12 Jan 2022)
FED and Central Banks can print unlimited amount of liquidity but not food.
We are expecting 2022 will be the inflationary year.
Food prices are going to go up. Still on the buy side.
DYODD, all the best and read the disclaimer too.
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Weat seems to have found a bottom and is trading above the 200 daily SMA again.
After the long turn down it seems a chuvashov fork formed followed by Jesse Livermore's Accumulation Cylinder
Estimating a price of ~$9.50 in January 2022
After 3 months we close our positions on wheat.
The price pulled back 25 points, leading our positions to hit the Stop Profit we had set at 769.80 to save profits, and it did.
Very good are those who have deducted part of the contracts on 50%, others on 38.2% letting the remaining part of the contracts run, very well indeed.
Now let's let the WHEAT go where it...
Hi Folks,
Wheat has entered a bull run with a 50/200 ema golden cross as well as a 100/200 ema bullish cross for the first time since 2010! The prior run was from 2010 to 2016. Bearish from 2016 until late 2020 where we first see some bullish crossings. These stages tend to last anywhere between 4-6 years so we should see some continuation.
As far as the...
Trend Analysis
The main view of this trade idea is on the 15 Min Chart.
There appears to be a completed head and shoulders price pattern on the commodity Wheat. The left shoulder is around the low of 750.38, the head made a low of 750.38 and the right shoulder made a low of 757. The pattern is not at its original designation however appears to be a positive sign...
Is GIS part of the global Supply Crunch? After several months our GIS retail play is holding up nicely but will they crush earnings? It seems they're poised to knock this out the park on 12 21, but anything could happen. Please DYOR before jumping in to GIS, read their prospectus & recent SEC filings, so there are no surprises. Full disclosure considering cutting...
here is a wheat(ZW) continuous chart with traditional yearly pivot points.
The BIGGEST reversals happen at the yearly pivots video webinar @ www.pivotalpivots.com
Took positions in BG last year, & ended up trading out too soon. Here is a good dip & options are cheap, not trading advice just a MACRO play. As long as food prices are going up & Russian Export Taxes are increasing then Wheat Grain & Biofuels might still be valid fundamentally. Bunge is a global player so please check out their Fundamentals, SEC Filings &...
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...
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...
The playbook for manoeuvring - actively adding longs
We can start with a quick review of the general plan for the operation I shall be discussing. I imagine all sitting in longs from earlier in the year are ready to exploit greater freedom of movement which we we will posses a tick above August highs. So to seize the point, our attack is a momentum move, like a...
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. ...
