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rockvuecap rockvuecap W1!, W, Long ,
W1!: Cup and Handle Formation on Wheat Futures
42 0 6
W1!, W Long
Cup and Handle Formation on Wheat Futures

In my continuing quest of using price action and TA to find opportunities in the futures markets, I search through each futures product each day to see what the weekly charts look like. When I stumbled upon Wheat Futures, I realized that Wheat was forming a perfect cup and handle pattern on the chart. This was honestly pretty sweet because it was the first time ...

patrick186 patrick186 PRO W1!, M, Short ,
W1!: Wheat Approaching KEY Resistance
84 1 5
W1!, M Short
Wheat Approaching KEY Resistance

Wheat is rallying up to a key quarterly/yearly trendline projected from the major 2008 and 2012 highs which is also the upper boundary of an enormous decending wedge. I'm watching for a high at this area over the next few months to short into a final low (ideally 2019) before breaking out of this wedge to the upside. Bull cycle counts point towards July and ...

mikebiz mikebiz PRO WHEATUSD, M,
WHEATUSD: Wheat monthly potential bottom setting up
34 0 7
Wheat monthly potential bottom setting up

The monthly wheatusd chart looks like it may be setting up a potential long term bottom. +DI has crossed above -DI and has put in a solid support line at 4.090 holding for past 4 months ADX has continued to trend up signaling a strengthening of dominant trend (+DI) TRIX has been moving toward 0 from negative Stoch, after being oversold for past year, has ...

hangseng hangseng W1!, W, Long ,
W1!: Wheat Wait to break the resistance
31 0 4
W1!, W Long
Wheat Wait to break the resistance

Longed last Friday as a very long down shadow line on the weekly candle. Gap up today, let's wait it to break the trendline on daily chart first. Likely to finish the "CUP and Handle" shape

hangseng hangseng WHEATUSD, D, Long ,
WHEATUSD: Wheat Bull market
11 0 4
Wheat Bull market

bottomed at 3.7, wheat has break through the trading range in 3.7-4.15, reach a new high in two recent trading days. Keeping long position :)

4XSetUps 4XSetUps MW1!, D,
MW1!: MW1! @ daily @ closed last 8 days higher, while every day
16 0 11
MW1!, D
MW1! @ daily @ closed last 8 days higher, while every day

This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... .zip (with PDF`s) @ my Google Drive Closings Bullish (32 Commodities) Best regards :) Aaron

LimeHat LimeHat WH2017, D, Long ,
WH2017: Wheat -- near long opportunity
51 0 4
WH2017, D Long
Wheat -- near long opportunity

Probably soon there will be nice long opportunity, at least for correction. Closely watching & bought small part for medium term.

Stefhun Stefhun ZC1!, W,
ZC1!: When bottoming or not yet?
70 0 1
ZC1!, W
When bottoming or not yet?

Wheat in a downtrend since 2012 and I think this is not the end, but, can be a turning point for a while... Second target would a dream to hold Wheat long ETF for years :)

mikebiz mikebiz PRO ZWZ2016, 30, Long ,
ZWZ2016: Wheat may have hit its pullback
23 0 0
ZWZ2016, 30 Long
Wheat may have hit its pullback

Looking at 30M chart, it's possible that wheat has made its pullback. The TSI could be finding support at 0 and RSI on 40. Based on next open and if these indicators move up off this support may try a dec wheat call. Looking at the daily chart, the RSI and TSI look bullish and the ADX with +DMI looks like it could be setting up a change in dominance from down ...

mikebiz mikebiz PRO ZWZ2016, 480,
ZWZ2016: Wheat may be ready to begin a new trend up
20 1 5
ZWZ2016, 480
Wheat may be ready to begin a new trend up

Wheat, on an 8H chart, has broken through key short term resistance last week. Beginning 9/12, ADX had signaled a period of price consolidation which has lasted until 10/13 when price broke through resistance. This price action and ADX consolidation is reflected on the daily chart too. It is possible that price may have more upside potential before a pullback ...

fre3zzy fre3zzy W1!, 240, Short ,
W1!: C wave as an ending diagonal
299 0 1
W1!, 240 Short
C wave as an ending diagonal

The C wave correction ended at 0.382 fib (yellow) of the previous impulse down. Looking for continuation of down move to 1.272 fib (yellow). Wheat doesn't give much chance to enter, once it drops, it drops quick. So don't miss it.

eaglestar eaglestar W1!, 240,
W1!: Wheat Futures 240 CBOT Updated 8/30/16
44 0 2
W1!, 240
Wheat Futures 240 CBOT Updated 8/30/16

Price hit resistance near 450 and also retested blue median line resistance near 430, and has cascaded lower. Look for possible continuation lower to 375-350.

Trading_Jazz Trading_Jazz PRO W1!, 120, Long ,
W1!: (2h) Bullish Butterfly @Oversold - Wheat
587 0 17
W1!, 120 Long
(2h) Bullish Butterfly @Oversold - Wheat

CBOT:W1! Safe Trades;

patrick186 patrick186 PRO W1!, W, Long ,
W1!: Wheat descending wedge!
136 0 5
W1!, W Long
Wheat descending wedge!

Wheat appears to be nearing the completion of a major ascending wedge that spans 4-5 years. Best way to take advantage of this would be a wide entry with a safe stop once a bottoming pattern appears on the daily/weekly. My guess is we won't see a bottom until late 2016 or maybe early 2017. Martin Armstrong has posted about the global *cooling* (not warming) ...

amanpaulbhogal amanpaulbhogal W1!, D, Short ,
W1!: Potential short trade on Wheat Futures
70 0 4
W1!, D Short
Potential short trade on Wheat Futures

Please see annotated chart for details.

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