ZW1 NOW
Hello, ZW is now in a downward sloping trend, but I notice that now is a good opportunity to buy even though the resistance is difficult, but when we break the first green resistance we will see a significant rise that breaks the yellow resistance and after breaking the yellow resistance it will go to the moon
Bonjour, ZW est maintenant dans une tendance à la baisse, mais je remarque que c'est maintenant une bonne opportunité d'acheter même si la résistance est difficile, mais lorsque nous briserons la première résistance verte, nous verrons une hausse significative qui brise la résistance jaune et après brisant la résistance jaune, il ira sur la lune
ZW1!
Kansas City Vs Chicago Wheat Spread IdeaI come up with trades that really save people time off the screens and have great risk to reward parameters using Futures Spread Trades, and Span Margin brokers to get in cheap as possible and maximize my per capital usage.
This idea is on a rock bottom price we can call a supply area we have visited in the past. Follow and see.
Thanks
Rally in wheat is not done yetWheat futures rallied last week as it was expected. Congrats on your profits! Wheat is one of my favorite instruments. It follows setups very well. Many traders focus on more volatile instruments. But that is wrong. As traders, we have to be focused on a less speculative instrument that gives a better risk/reward ratio. I believe the price will retest recent highs near 570. But this market needs some breath. It is overbought on smaller time frames. However, Wheat is a very tight market. Usually doesn’t give big pullbacks. I continue to look for and take buy signals in this market.
Potential rally in wheatBased on COT reports commercials are long wheat. They are correct 98%. It may take time to form a buy signal. But with that in mind, we look for buy signals - whatever happens first
- break out of daily resistance
- lower high + oversold oscillator
- divergence (I use RSI and OBV)