Rice continues to push up against this resistance level. At some point we will get above that R level and enter a straight up zone that could easily see ZR rice nearly double overnight.
It is coming. Show me the chart. I'll tell you the news.
Something big is coming. Global famine? Maybe in some areas but likely there will be food in many 1st world countries. The...
Looking at the H4 chart, my overall bias for ZR1! is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market. Looking for a sell entry at 18.045, where the 50% Fibonacci line is. Stop loss will be at 18.375, where the recent high is. Take profit will be at 17.285, where the previous swing low is.
Please be advised that the...
Looking at the H4 chart, my overall bias for ZR1! is bullish due to the current price crossing above the Ichimoku cloud, indicating a bullish market. Price is also along a bullish trend line. Looking for a buy entry at 18.050, where the 61.8% Fibonacci line and recent high is to ride the bullish momentum. Stop loss will be at 17.600, slightly below where the 50%...
Title: Rice Futures ( ZR1! ), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 18.530
Pivot: 17.620
Support: 16.630
Preferred case: Looking at the H4 chart, my overall bias for ZR1! is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to...
Continuing to watch rice march upward for many many months when I first visited this chart. Been incredible to watch but imo this is only the beginning. I expect a measured move up to previous ath. That zone is a straight up and down area so it could be very explosive. However , the extensions I have pulled are really unimaginable prices. I expect food prices to...
Recently, I received questions asking my opinion on their borrowing cost, if they should go for fixed or float rates. We somehow know there is inflation, but not exactly sure how long it will last and how bad it will get. Because higher inflation leads to higher interest rates.
While I cannot advise them as I do not have a banking license to do so. However, I can...
Rice prices setting up for another leg higher. Explosive move at least a 2.5x
“Who controls the food supply controls the people; who controls the energy can control whole continents; who controls money can control the world.” H Kissinger
Type : Bearish Drop
Resistance : 16.570
Pivot: 16.310
Support : 16.035
Preferred Case: On the H1, price is moving below the ichimoku cloud and within the descending channel which gives us a bearish bias that prices will drop to the pivot at 16.310 where the 78.6% fibonacci retracement, 61.8% fibonacci projection and swing low support are. Once there is downside...
Type : Bearish Momentum
Resistance : 16.715
Pivot: 16.570
Support : 16.105
Preferred Case: On the H1, with price moving below the ichimoku indicator and within the descending channel , we have a bearish bias that price will rise to and drop from our pivot at 16.570 in line with the swing high resistance to the 1st support at 16.105 in line with the 61.8%...
Type : Bearish Momentum
Resistance : 16.990
Pivot: 16.725
Support : 16.125
Preferred Case: On the H1, with price moving below the ichimoku indicator and within the descending channel , we have a bearish bias that price will rise to and drop from our pivot at 16.725 in line with the 38.2% fibonacci retracement and overlap resistance to the 1st support at 16.125 in...
Type : Bearish Momentum
Resistance : 16.775
Pivot: 16.610
Support : 16.040
Preferred Case: On the H1, with price moving below the ichimoku indicator and price breaking the ascending trendline, we have a bearish bias that price will drop from our pivot at 16.610 in line with the 23.6% fibonacci retracement and overlap resistance to the 1st support at 16.040 in...
Type : Bearish Momentum
Resistance : 16.985
Pivot: 16.760
Support : 16.360
Preferred Case: On the H1, price is moving below the ichimoku cloud and has a bearish exit from the ascending channel which supports our bearish bias that when price drops to our pivot at 16.760 in line with swing low resistance, 61.8% fibonacci projection and 78.6% fibonacci projection ,...
Type : Bearish Momentum
Resistance : 16.985
Pivot: 16.760
Support : 16.360
Preferred Case: On the H1, price is moving below the ichimoku cloud and has a bearish exit from the ascending channel which supports our bearish bias that when price drops to our pivot at 16.760 in line with swing low resistance, 61.8% fibonacci projection and 78.6% fibonacci projection,...
CBOT
