This one looks like a perfect buy to me! PB should be over and next explosive wave up should be starting...DXY appears to be topping...all perfect timing imo.
According to the ratio chart we should be close to a reversal here. If we do start rallying again it will take more spy to equal a share of the weat etf. After a long term base like this, the breakout rarely fails although a retest of the breakout is common. As I said before, I think the inflation trade on AG commodities is about to start up again - regardless...
MACD positive divergence and bullish crossover + price trading at lower boundary of 200-day linear regression channel (2.5 to 3x mean). Entry 8.40 Stop: 7.90 Target: 9.85
Double top Volume profile showing a lot of supply Seasonal data favors downside until mid September Plan your trades before executing the trade. How much are you willing to bet? Where will you get out? How will you lock in profits? Risk: 60 bps Profit Protection: 3-Day Trailing Stop Rule (Peter Brandt) You don't need to know what's going to happen next to make...
WEAT continues to trend lower, alongside corn and soybean prices. Many of these charts have turned bearish as funds look to trim back some of their historically long positions. Weather will continue to be a key factor going forward, as of now, it looks favorable which may be adding to the pressure. July options expiration is tomorrow, a lot of open interest at...
WEAT is breaking down as grain futures get hit hard following a long holiday weekend. July Chicago wheat is currently down 35 cents. July KC Wheat is down 49 cents. We write daily grain commentary and have noted many times over the last few months that a lot of the Bullish news is already known and baked into the cake. No new news to feed the Bulls could...
Large ascedning triangle building Weat is holding support and starting to push off support uptrend. 12.39 previous flat reisatnce. With inflation and rising prices this could be setting up to fly. This could be begging stages of a large parobolic move. Stops below 10.40. Expect patients
$WEAT is looking really good here, showing classic VCP characteristics with volume dry up prior to a move up. Whilst not a true high tight flag (77% increase in 20d rather than 100%) the correction from the high point of the flag pole (25%) does fit this particular trade set up. Price and volume have been tightening nicely in the flag, with increased volume and...
Back in WEAT , I entered as day trade this morning near open on positive PA but converted it to a swing since risk/stop worked fine. 11.11 in Stop 10.9 PT 1 - 11.5 (2R)
WEAT's price, an ETV which trades wheat futures, is positioned to keep increasing as the horrible war in Ukraine rages on. I accumulated this back at the $6.5 - $7 price level as a response to the decrease in fertilizer (thank you China for hoarding and mismanaging) and increases in crop disruption due to climate change related disasters. As you can see, it was...
Looks bullish and wants to go up again towards 17 and 20s... SL at 9.70.
The WEAT ETF has taken a sharp turn lower over the last two days as wheat futures continue to sell off of on long liquidation. It's important to note that the WEAT ETF is comprised of different wheat futures contracts, which may not be a 1:1 correlation with the front month contract. This was especially noticeable on the initial rally in February, where front...
Re- entered WEAT on todays soft close above my ema's Concerns here would be some gap risk but we do see some nice range contraction on chart and I think that the tape is probably on our side here , saw some pretty massive level 2 time and sales actions before the fed announced today on my related holds (UGA and DBC) that I found very interesting too . *There...
WEAT had an optimal breakout from VCP pattern on 5/11 but price and volume action got tight again and it offered a pull back entry on a natural reaction after 3 lower lows on low volume into the 10 DMA.
The best setups this week. Etf edition. There are no certainties in the stock market. These names have shown good relative strength . This is an ETF based weekly charts that is designed to make money. This system is perfect for the person who works full time and still wants to follow trend and outperform the market.
Great looking one day chart. Entered calls on 5/9/22. Just took up a long position in shares aswell.
RSI has been consistent above the 50 level. Looks like another Wheat commodity cycle.
Looks like WEAT might need to build a base here but I dont really know at this point we see a climax of sorts but the trend is still intact , no significant change of structure for me yet, so took this entry . If it doesn't work I am willing to re attempt as long as trend theme is intact . Time will tell . Another aftermarket buy ... In at 10.37 Stop - 10.97 De...