Title: Wheat Futures (ZW1!), H4 Bearish Dip Type : Bearish Dip Resistance : 1064'0 Pivot: 1031'6 Support : 982'2 Preferred Case: Prices are on bearish momentum and abiding by a descending trendline We see the potential for a dip from our Pivot at 1031'6 in line with 50% Fibonacci Retracement towards our 1st support at 982'0 in line with 100% Fibonacci Projection...
Type : Bearish Dip Resistance : 1075'6 Pivot: 1036'6 Support : 982'0 Preferred Case: Prices have approached our Pivot at 1036'6 in line with 61.8% Fibonacci Retracement. We see the potential for a dip from our Pivot at 1036'6 towards our 1st support at 982'0 in line with 61.8% Fibonacci Projection. Prices are trading below our ichimoku cloud resistance, further...
General Wheat seems to generate a nasty SFP. It took out the recent Swing High and then dropped over 22%. With the monthly close coming soon i could image it going lower before finding support. I marked 4 Scenarios which i would be happy to take either. 1. Long (Blue arrow) Price moves to the red rectangle (area 1), finds support and "generates a swing"....
Prices are approaching a pivot. We see the potential for a bounce from our buy entry at 1032.19 which is an area of Fibonacci confluences towards our Take Profit at 1105.47 in line with 61.8% Fibonacci retracement. RSI is at levels where bounces previously occurred. Any opinions, news, research, analyses, prices, other information, or links to third-party sites...
Prices are on bearish momentum and abiding by our descending trendline resistance. We see the potential for further bearish continuation from our sell entry at 1107.77 in line with 38.2% Fibonacci retracement towards our Take profit at 1034.89 which is an area of Fibonacci confluences. Prices are trading below our ichimoku clouds, further supporting our bearish...
Prices have recently broken out of our ascending trendline support. We see the potential for a short from our sell entry at 1102.34 in line with 61.8% Fibonacci projection towards our Take Profit at 1095.71 in line with 78.6% Fibonacci Retracement. Ichimoku is supporting our bearish bias. Any opinions, news, research, analyses, prices, other information, or links...
Prices are on bullish momentum and abiding to our ascending trendline support. We see the potential for a bounce from our Pivot at 1099.97 in line with 61.8% Fibonacci retracement and 61.8% Fibonacci Projection towards our Take Profit at 1163.13 in line with 61.8% Fibonacci Projection. RSI is forecasting the bullish momentum and also Ichimoku is forecasting the...
Prices are on bearish momentum. We see the potential for a dip from our sell entry at 1971.42 in line with 23.6% Fibonacci retracement towards our Take Profit at 1031.01 in line with 61.8% Fibonacci Projection. Prices are trading under our ichimoku cloud resistance, further supporting our bearish bias. Any opinions, news, research, analyses, prices, other...
Prices are on bearish momentum and abiding by a descending trendline resistance. We see the potential for a dip from our sell entry in line with 1069.58 in line with 23.6% Fibonacci retracement towards our Take Profit at 963.67 in line with 161.8% Fibonacci expansion and 61.8% Fibonacci projection. Technical indicators are showing bearish momentum. Any opinions,...
Prices are on bullish momentum and abiding to our ascending trendline. We see the potential for a bounce from our buy entry at 1126.86 in line with 23.6% Fibonacci retracement towards our Take Profit at 1192.91 in line with 50% Fibonacci retracement. Prices are trading above our ichimoku cloud support an also RSI is on bullish momentum, further supporting our...
📌 @ridethepig ZW1! Market Commentary 17.12.2020 For buyers the breakout creates the typical starting point, one we have seen many many times before. The fact it is happening on the monthly chart is very telling, this is threatening to impulsive explode to the topside via shortages on the supply side from lockdowns and contractions in globalisation. Whatever...
Fears of the impact of Russia-Ukraine war on global inflation and recession have escalated in recent weeks and another major issue looming over the horizon are concerns that the conflict could result in a hunger crisis as both countries account for over a quarter of the world’s wheat exports. Wheat prices recently surged to a 14-year high, with the price of a...
Wheat came back up on a tear so I decided to Take Profit at 1315 from 1250 for some nice profit. My plan now is to wait for wheat to fall back some overnight and buy again either late tonight or tomorrow and ride price up again. Congrats to all who followed this trade - enjoy your Profits!! Stay safe. Heiko
📉 Expecting bearish price action on WHEAT as price should retrace back to fill the BULLISH GAP'S, we are in a bullish market strucutre on a HTF but right now i expect the retracement What do you think? Comment below..
Wheat came down for the first time in over 5 sessions so I was looking for a pullback and then I could hopefully get into a Buy Order. I did put in a Buy order at 1250 less than an hour ago. Markets are crazy wild with prices moving a lot. Like I have said all day today, I believe over the next 2 weeks Wheat and Corn will continue to go up. Definately there...
It doesn't matter its overbought, the price continues rising. The war can create one-time only events in the markets. We've seen the Russian Moscow Exchange closed for more than 1 week, USD/RUB skyrocketing and commodities such as Wheat going up completely out of control. We bought Wheat more than a year ago and we've added more volume as the uptrend continued,...
This week i expect bearish short move on WHEAT as price finished its impulsive movement on the bullish market strucutre, price made a lot of bullish gaps on its way to the current price meaning it will go lower soon to fill those gaps. On a long-term basis i am still bullish and i will look for LONGS once retracement ends, this is kind of a risky counter-trend...
We are reaching extremely high Futures prices in the commodities sector. It's a bit worrying especially since these prices are approaching 2008 levels, some are higher. We might see a global recession, and it can be triggered by a black swan event (The Russian war could have already started this catalyst) and a global Inflation that doesn't seem to slow down. So...