In this video I go over one of my favorite markets the Wheat market and its current conditions and it's developing stories from dryness in the Kansas City Area a major producer of HRW wheat to war torn Ukraine and potential disruptions there. And with a market that is very heavily shorted by large managed money speculators this leaves a market very vulnerable to...
Although there was a rally later in the day in the S&P 500 which implies buyers moving the market higher going into the close. The overall structure for Friday implies caution if you are on the long side. It's important that the market does not return to Friday's Lows on Monday to maintain momentum for continuation to new highs.
In today's video I just go over some of my general thoughts about the corn market and some of its current technical and fundamental factors that I believe are driving the market. Hope you enjoy and stay tuned for more! :)
CBOT:ZC1! CBOT_MINI:XC1! AMEX:CORN
Multiple support levels have been breached, accompanied by the formation of a FVG (Fair Value Gap) pattern, along with the appearance of a Double Maru Sell signal. Consequently, we anticipate the price to likely retest the Resistance level before initiating a downward movement.
Furthermore, a reversal signal has been identified in the candlestick pattern,...
The chart clearly shows a Triangle Pattern Breakout, accompanied by the formation of an Inverse pattern, confirming the movement, along with the emergence of a Lower Low chart pattern.
Therefore, traders should seize opportunities when the price retraces to the inverse zone or potentially around the area where support becomes resistance.
In this video I go over my thesis on why I am short term long the corn futures market due to the energy market picking up some positive momentum due to strong manufacturing data coming from the two power houses U.S. and China and how I think this could positively impact the price of corn due to it's use in ethanol. Higher crude oil prices can generally have a...
In this video, we look at the Soybean market CBOT:ZL1! which is a commodity.
Now if you have been reading or watching my videos.
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One thing you will notice is that i like the commodities market.
Even though most of the time i talk about the stock market
i really have a passion for the commodity
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market because it reflects the everyday prices of goods such...
Massive move on wheat today that showed up on our TrendCloud Scanning System.
Let's go over the setup real quick and get you guys ready for any prop trading firms challenge that comes your way.
4 hour chart is down and momentum is down as well.
1 hour momentum is down and 15 min chart is giving us a TrendCloud Signal inside of a Supply Zone.
TrendCloud signal on Micro Crude Oil worked out great today.
Hit our targets on Crude and also Corn.
TrendCloud Scanner picked up on both of them this morning.
15 min trend and 1 hour CCI momentum were both down.
This gave us a 5 min TrendCloud signal that hit our targets for profit taking as we scaled out of the position.
In this video I go over my thesis for swinging short the corn market via Corn Mini Futures. I believe this is a rare and strong indication of lower prices due to the technical, fundamental even sentimental outlook on this market. I believe it is overwhelmingly bearish and sellers have a strong argument for lower prices.
CBOT:ZC1! CBOT_MINI:XC1! AMEX:CORN
One of the most challenging & frustrating tasks for a trader,
is to define with a rules-based (systematic) methodology,
and identify (on a real-time basis),
when a market is in a trading range.
Using the MACD-v both of these goals are achieved.
The market is defined as being as "Ranging"
(one of the Core 7 Range Rules/States)
when the MACD-v is between the -50...
My current trade idea on the wheat mini futures to short given the strong bearish trend and a bear flag after buyers have failed to keep the buying momentum going even some fundamental issues putting pressure on the wheat market such as a surplus of wheat.
CBOT:ZW1! CBOT_MINI:XW1! AMEX:WEAT
4 hour TrendCloud Crossover
1 hour TrendCloud downtrend
30 min supply zone.
CCI is slightly against us but we are taking a 1% risk on this trade to the downside for a 2:1 target.
10.6.23 A number of markets have traded to the end of their ABCD patterns going lower and are coming to support areas. I did a review of four to six markets some of which I've never traded or haven't traded for years.... just to look at the patterns and look for reversals.
Using the Average Directional Index (ADX) and
Directional Movement Index (DI)
--
in stock trading, technical analysis can help
you identify the strength of a trend.
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Here's a two-step process to scan for
stocks using the ADX DI indicator:
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**Step 1: Find Stocks with Strong Trends**
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1. **Select a Stock Screener:**
- Use a stock screener tool or...
as in the videos, we must wait for further price reaction until end of today session. the market is still on mode bullish but the rejection can happen anytime. be aware the keylevel as in the videos
In this video analysis, I will walk you through 3 keys:
1. My observation on these cycles
2. The super charge in the Gold, how that affect the commodities subsequently?
3. How about inflation? Will it settle at 3%?
Some reference for traders:
Chicago SRW Wheat Futures & Options – Its Minimum Fluctuation
1/4 of one cent (0.0025) per bushel = $12.50 / ZW
Gold...
When I worked as a professional technical analyst at major banks, I often encountered two common questions: Did I optimize my moving averages, and why did I use a 55-week and 200-week moving average?
To address these queries, I've created a short video. The answer is that I never optimized the moving averages. Firstly, moving averages have a lagging effect, and...
