Nature is beautiful.
It's always balancing the underlying energy.
That's what we see here.
Wheat spurted down too fast.
The down-swing can be put in context by the Medianlines.
Here, price has reached it's balance again at the CL.
What's next? I bet for sideways to short action, until we crack the orange CIB line.
Stalking Hat on...
Sure, it is winter in the northern hemisphere so why even bother with the grains at all? ...
... Because cheap Ukrainian wheat had absolutely flooded European markets, so much so that very soon they will have to start dumping some of it into the ocean! (Right now, they are trying to air out these mountains of grain, so it wouldn't mold, but that will go only so...
📉 Expecting bullish price action on WHEAT during those times of STAGFLATION on the long term premise i see wheat price going higher making a new ath. Commodity price should rise during those times of ,,incoming reccession,, .
What do you think ? Comment below..
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"....
📉 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..
"Margin pressures; How to survive in an over-provisioned environment." - Was the topic/title of a recent grain cash traders' conference. What does that tell you?...
In short, industry insiders do not expect to see daylight (i.e. profits) as far out as 2025! - And that concludes the essence of all that was said during that get-together.
(Try that on for ...
We are long the PUT options since 535 - we wanted to limit our risk. Now it is safe to short the futures, as the market is very weak technically and fundamentally. Sell on a CLOSE below 492.25, stop loss on a CLOSE above 507. 435 is the price target.
I have been travelling around the wheat region in Russia last week - observing the crops, talking to farmers....
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick .
Dates in the future with the...
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick .
Dates in the future with the...
