I would like to show a longer term view in wheat on the weekly chart. These kind of setups are rare opportunities. I think in 2016 November we printed the bottom of the multi year bear market. The previous bull market peaked in 2012 summer. After that date wheat started a multi year decline. I highlighted by red boxes the yearly cycles. In wheat the yearly cycles...
I've been watching wheat since its big pop in June. I will release a detailed report on the weekend. It seems to me the multi year bear market in wheat is over. The last 2 months' decline after the big June bounce is not abnormal. We have seen similar things in other vehicles. The reason I enter today is the Bollinger Band crash signal. I highlighted by green the...
Long WHEATUSD @ 4.23; TP 4.31, SL your choice
WHEAT, weakness coming The Laguerre indicator is ready to discharge, this could start a short entry in the evening with the target in area 449 WHEAT - ADX / ADM - TS V 2.8.4 - Intraday Levels for 10/08/2017 ADM - Average Daily Movement - Intraday Levels Entry on close 1H (hourly candle) ... if exceeded the indicated level ON the ZWU17 Contract - Sep...
I think there's a significant probability that the bottom of the recent correction in Wheat is in. I'm holding longs and now added my final entry a tad lower than this. I expect a rally back over the recent highs very soon. The crops this year suffered due to a significant drought in the regions where wheat is produced in the US. I think it is likely that this...
3 good reasons why Wheat maybe heading higher. Also MACD is bullish, although RSI is undecided.
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...
Hello everyone, we have an opportunity to short this towards the highlighted target. Overall I believe this could go a lot higher. For any questions leave a comment or DM me. Good Luck
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...
Daily bull flag. Buy the pull backs on wheat. Set to rally off of monthly demand:
Long and Short. Bull Garthley completed. Price in PRZ at moment. Looking at extended target to complete D leg of a bear cypher. See chart for entries and targets. On Garthley move I would move move stop to break even once above .382 fib line.
I am still getting my feet wet with waves so take this count with a grain of salt..however I thought it was educational for myself and potentially others. Even though it seems very "convenient" that we are coming close to the end of Wave C, it does align with the view of the bullish Bat pattern. If you see something I can fix please share it with me so I can learn...
The price broke out of the consolidation zone. The 200 Ema is pointing higher which indicate the market is preparing to go in long term uptrend. Set a limit order at the highlighted area which was activated.The volume is increasing as well.
I had an order set to short 1 pip above the current high of the day and didn't get picked up. I have since moved the order to the high as shown in the chart. Risk:Reward is pretty nice and looking left (further left than on this chart) there is some structure which supports this as a supply zone. Wheat has been looking pretty bullish so it would probably be...
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) drive.google.com Best regards :) Aaron
I previously shorted wheat 1 pip from the top and it was a very nice trade (although I closed too early around 3.99 or so). Price bounced from the .382 fib of the larger up move but the price action in the current area looks weak. I am looking to re-open shorts at the levels in the chart but only if no warning signs are present -- big bullish candles, oversold RSI...
The following are some charts that have my current thinking on wheat on them which includes monthly, weekly, daily, and 4hr. Weekly: Daily: 4hr:
Probably soon there will be nice long opportunity, at least for correction. Closely watching & bought small part for medium term.