My PBOF chart is an attempt to identify, and be decisive, after a potential bottom has formed through with a good sequential 9 or 13 and triple exhaustion signal. Oscillator divergence and volume are clues to a potential bottom. Regardless they are are hard to bu into real time. But if it appears a bottom has possibly been established then I want to buy the next...
FCPO SPREAD Contract May2024 vs July2024 is attempting breakout from previous swing high 141
Spread Bullish MA Lineup -> Trending Up
Breaks and close above Turtle Resistant 138 -> Bullish
Upward Momentum -> Bullish
Support
124
Next target levels
165
179
203
Observing the FCPO, it's evident that the price is presently following a downward trend within a channel.
The recent support level, previously at 4240, has now been breached and is acting as resistance. The question arises: will this level continue to exert significant influence in holding the price?
Last week bull failed to take full control. At the current level, the price looks a bit heavy and there is a bear push lower. It is 50:50 at this moment but the likelihood of another run higher might not happen next week. Anyhow a retracement lower is likely before another run higher. 4030 area is a target next week and price might consolidate after that. At this...
Good morning followers,
FCPO rebound recently after reaching near 50% retracement level. Despite we are waiting for Inverse to happen, we can see a FVG formation setup is appeared and giving a Buy Setup for continuation of a Bullish Trend recently.
The Rally I expect it should be a minimum 1x length of Wave 1. Which is giving me a target around 4350+ approximately.
Wheat prices are high,
Over the month you will notice this change and
so you may be asking yourself why?
--
The wheat prices are linked to how well the economy is doing,
knowing this, about its prices you will see by looking at the chart,
That determines this.
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According to Reuters, China has cancelled buying wheat,
this affects the global wheat...
FCPO is making a push higher. Still with bullish view unless shown otherwise. As price didn’t go in a straight line, it is expected that it might retrace a bit towards 4200 area (this is also the area to look for entry to go LONG) to fill up the gap before making another bullish push. If this happens next week, then another leg higher should target the previous...
basically history will repeat itself.
today candle break the downtrendline after touching the strong support.
need confirmation and follow where it will go. continuation or reversal
The price is still bullish however some retracement is expected before a run higher. Expecting that this week it will make retracement towards 3995 area. Depending on the price action, another bullish push towards 4208 area before a quick run towards 4250 area (which might not happen so quickly).
5m chart, overall condition analysis. The combination of gcov5 and TCD osc will give more strength to a decision whether to buy or sell. In turn, it can increase accuracy and win.
how to get a win in all positions?
1. refers to bull/bear trend ( TCD osc)
2. find a gcov5 signals based on SnD zone and early TCD trend
3. buy price 3 ticks below the close of the...
Soybeans (ZS1!) has been trading within a Channel Down pattern since early 2023 just last week, it almost hit its bottom (Lower Lows trend-line). So far the price has reacted with a minor rebound, while the 1D RSI has been on a major Bullish Divergence (Higher Lows against the price's Lower Lows).
This is the best buy signal since the May 31 2023 bottom where...
Corn's (ZC1!) price action since the COVID recovery in early 2020 is showcasing an amazing resemblance with the previous full Cycle of 2009 - 2014. This is better illustrated on the 1M (monthly) time-frame. Both started the Bull phase on a roughly +175% rebound on the 17 year Support Zone, topping on a Higher Highs (which was a Bearish Divergence with the Lower...
When the calendar turns to March, gardeners get itchy to plant things. Experience teaches that it's often a good idea to hold off.
The above chart shows that corn traders who were willing to wait until late April 2023 stood a much better chance of profit, both on the long and short sides, than those who jumped in during March. The weather markets of late Spring...
