Prospects for lower than expected acreage in 2019 could help firm the market, but demand still looks modest. Flooding can be an issue in some countries. The short term trend is turning from bearish to neutral. Wait for the breakout of 530.
Wheat is contracting into a symmetrical triangle and is poised for a breakout. Volatility as measured by a 14 day ATR is the lowest it has been since last year February, this is generally a good sign of a market poised for a large move especially when combined with a definitive consolidation pattern like a symmetrical triangle. Which way the break will occur is...
Hi guys and Merry Christmas ! I post my recent Idea for short positions on ZW1! with a target to 483$. As we see the movement of the ZW1! we see fake breakouts in the recent timeline. After the recent trade wars tall between China - U.S we saw a bullish momentum but it wont last anymore because didnt reached a breakout to drive wheat prices higher. So my target on...
I built a bear spread ZWU19-ZWN19. There is still a chance, that the price in Wheat will rise to 550. Therefore I wait for good timing. However, it is good to have a plan already. I await an entry about 5,0, SL 4,0 ($50) and PT 10,0 ($250).
I expect to reach strong S/R 550 very soon. Then could come selling correction. Be prepared!
Hi guys ! My view is a long position for ZW1! according to G20 meeting Trump - Xi Chiping will find a short timely solution about the recent trade war , so agriculture futures will temporarely rebound i think . According to my technical indicators that i use ADX and Vortex index , they signal a buy just for a quick trade . ADX tends to achieve 40 and the + vi is...
I believe Russian aggressive wheat export campaigning has left their supply side depleted again. With rising wheat tenders across the globe and global cooling on top of an end of bullish accumulation phase as per COT analysis the path for higher wheat prices is wide open. Technically the 4h chart fits snugly in a diamond pattern, which upon breach almost always...
An example of an intermarket spread ZSN16-ZWN16.
Hi there. Price is forming a continuation pattern to the downside. Wait for the price to hit the top of the pattern and watch strong price action for sell.
Hi there. Price is forming a continuation pattern to the downside. Wait for the price to hit the top of the pattern and watch strong price action for sell. Don’t take a trade if you don’t see clearly when big guys are in.
We had a b ig volume spike on WHEAT and now we retest this area. This is a good long opportunity although wheat is the weakest among the grains (LW)
Hidden bearish divergence, take profit in the green zone
Wheat has failed 4 weeks in a row to break the 525 price barrier - the weekly MA20 which is in negative direction! If we look at the shape it seems that we will head up, but there are several reasons why we should consider shorting: Weekly MA 20 just above 525 with negative direction Daily MA 50 just above 525 with negative direction We are in decline on the...
Both TP =574.20 & 588.20 hit as the 1W Channel Up (MACD = 9.620, B/BP = 0.3280) made a 598.40 Higher High. It has since pulled back to make a Higher Low, which was most likely priced at 498.20. This commodity (Hard Red Winter Wheat) is on a very long term uptrend and we are now holding a long with TP = 569, 598 in extension.
Ascending triangle bullish pattern, price falling into an area of support, price channeling upwards on the 1 week chart.
We have a weak movement up but we have daily MA20 below us. I believe that we need to retest it before seeing bull movement next week! Open trade 523 $ SL: 526 Target 510 $ Good 4:1 ration ! Good Luck!
Price made an impulsive break through the 100SMA, should retest at at some point, perhaps after hitting the 38.2% fib level. This offers new entries or added positions. Let's see.