Short PUT on SoyBean due to seasonal aspects and extreme long positioning of commercial traders, highly raised volatility in the last days
Volatility has risen in the last days Commercial Traders are going extremely long since a few weeks no distribution in the last weeks
Master Technical analysis - Lulu Capital #Fat Wheat Pattern #Thin Wheat Pattern #Granary Pattern #Target 600+
Wheat is testing important long-term cloud and trend line resistance. A breakout above 470-480$ area could signal a very big move ahead. Minimum target will be close to 600$. Must be patient and wait for breakout.
A rather logical looking interpretation. There's a reasonable degree of support, whilst we're buying in the lowest percentiles of the last decade. Further, the probability of the downtrend being breached looks increasingly likely. Further, the return distribution of commodities is particularly convex or asymmetric with a long right tail. Thus, we can give the...
Is inflation starting to feed through to softs!?!
With oscillators diverging I will be expecting Wheat to reach 380 or lower again to look for long positions expecting finally a breakout out of the long-term wedge pattern. On the other hand if the low is already in, I will be waiting for a break out above the wedge and above the weekly Ichimoku cloud to go long. The upside is expected to be explosive. For now I...
Been Waiting for this for a while now. Should break out, draw in suckers, and plunge again. Rally prob won't last more than a week. All depends on how strong it is. If very strong, then it prob won't get crushed for a little while. If too verticle or too weak, then will get pummeled eventually. 44% chance of Break out fake-out. I like making these every once...
Wheat will be bearish for the next 2 weeks, target is 470-480. Might test the support at 460. If it breaks the triangle, very bullish. Only way this is bullish is if fiat and stocks go down.
ZW reversal is confirmed. I've entered long here, twitting more @luigizerozero, not much time to publish idea here.