Using just the Price/Trend indicator on its own, we would have made +40% - we had 2 opportunities to BUY on 4H - however we slept on this as we were too busy trading Crypto to remember that Ukraine is one of the biggest Wheat producers! Interesting to see where it will fall - Sell the News ...
📈 I just wanted to share with you the reason behind the big bullish move on WHEAT, Ukraine is the country that exports the most wheat in the Europe so the price will rise because of the supply damage. Also as we are in a RISK OFF market sentiment investors tend to buy this asset as they are thinking about PROTECTION both on money and themselves. I think we will...
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...
Wheat futures ZW1! ran into strong resistance at Demarks Yearly R1 pivot point.
As can be seen on chart, quite a few positive indicators showing promise for the price of wheat during Q1 & Q2-2022. Targets, support levels, RSI, Ult_MACD, Volume, Date Ranges and rhetoric can be seen on chart. Good day!
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...
ZW wheat look for support here on the yearly R2 pivot point.
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
Wheat short opportunity ! more than 4 solid confirmations. Enjoy it.
Slowly crushing all levels put out previously There is absolutely nothing going against this trade: 1. Inflation is positive for the price 2. Logistics and all of the shipping BS is positive 3. Winter is coming...can harvest more supply until next year 4. What am I missing? 5. You know what happens after you put a claw like looking rounding bottom like...
OANDA:WHEATUSD recently hit a high around the $7.16USD area and has been in a small downtrend since. It looks like it may be ready to head back upwards and test resistance again after a nice bounce off of support. Entering around the $7 mark would give us about a 2.37% retrace up to resistance and would be a perfect bounce off of the 0.5 fib. RSI on the 30...
3 wave pattern Two patterns completed, 3 joining wave patterns completed. Making the next wave either a 3 wave or a 5 wave. It traded to a retracement zone of 0.5% which is the point of entry in a corrective pattern for some of us Currently, futures short covering is an extra condition to go long, LONG
> Wheat (Triticum aestivum L.) is the most important crop in the world in terms of area harvested, and is one of the world’s staple foods. It provides about 20 % of the total dietary calories and proteins worldwide. > However, wheat has a defect, each degree-Celsius increase in global mean temperature, on average, reduces the global yields of wheat by 6.0%. Other...
If gives breakdown below the Rising Wedge short for given targets. Also targets can act as support and reversal zone. Follow red/ green arrows according to price action.
Theese are my scenarios abou Wheat. What are you think about my thoughts? Not Financial advice.
The pattern is currently doing a sideways or consolidation in 1 HR and below. It looks like the selling pressure is present unless if its breaks the red line resistance with a strong buying force. Other confluence for shorts are: 1) Pattern making a reversal at a 61.8 Fibo level 2) Seller coming in, can be seen in Volume 3) Bullish momentum getting less and...