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...
read article here
Yes, we will need to make more money to purchase the same amount of food than before as the price has gone up or inflated. Whatever the reasons you like to believe to cause the inflation, the outcome is the same - you will need more money than before to purchase the same amount of food.
Options you have ? Substitute the food for a cheaper...
Read news here , here and here .
It is bad enough when food inflation is rising in developed countries , worse if it happens in countries that are suffering from poverty and food shortage.
The inability to travel due to Covid-19 pandemic seems to exacerbate the situation as well as cargoes are held at customs and ports and more stringent measures needed...
I am a consultant for anyone who needs a consultant, I see that WHEAT Corp will GODOWN IN FEW MINUTES when the market open
1, When you decide to use my ideas in your trading, please contact me to inform you of some things and monitor the position together without specifying a take profit or stop loss, we will decide when to open and close the position
2 (When I...
Reading chart is always backwards and forward looking in a sense. There will always be (except IPO stocks) historical patterns on different time frame to give you ideas where the price is heading.
In this case, it is quite clear where the support and resistance is. Once you identified it, you can then map it across the longer time frame like Day and week to know...
"As it is not one swallow or a fine day that makes a spring, so it is not one day or a short time that makes a man blessed and happy."
We lived in a fast paced society and the silly need to compare with what others have have become an obsession to many! We compare cars, houses, enrichment programs and even the stocks we buy. It seems that we are living in...
It is the beginning of the year and this is the time when you are likely to see membership in gyms, yoga, fitness centres pick up.
We are all living our lives in separate rooms and also in a big room. Let me explain. You see, when you go to work and if you do enjoy your work, then you derive not only financial compensation but you also gain friendship, teamwork,...
Read the previous idea on copper, same style but with wheat. By Jan 22nd expecting a cycle top and a price target of 660, cycle low on Feb 16th with a target of 575.
*Futures trading involves a substantial risk of loss and is not suitable for all investors.
On Weekly chart, the engulfing candle the week before seems to be an up-turn again.
I will be watching WHEAT closer in this week.
there is a strong resistance between 620 - 630.
Pay attention here.
If breaks, 700-720 is short/mid- term target.
( this is my personal view and not a trading advise. )
📌 @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.