I follow a technomental analytic approach to the commodities markets in a quest to determine the path of least resistance of prices. Each piece of a market’s structure provides a clue. When assembled, a picture tends to emerge, increasing the odds of success for long or short positions.
The last in the series- We looked at the other components of market...
The playbook for manoeuvring - actively adding longs
We can start with a quick review of the general plan for the operation I shall be discussing. I imagine all sitting in longs from earlier in the year are ready to exploit greater freedom of movement which we we will posses a tick above August highs. So to seize the point, our attack is a momentum move, like a...
hello traders and investors,
As you see on weekly chart, ZW had grew up rapidly when it broke the triangle up, now we are near its highest level (930) on wich zw will probably reverse down almost on the start of 2022 (jan or feb). this down trend can go untl 710$
Pay attention and keep your sens of rationality.
As i always said: i don't have cristal ball...
hello
as expected wheat breaked up from its golden point, what you should do it is just keeping eyes on it in order to fielled the 2 targets with good profitability.
good luck
Long term trend still intact. Trend continuation expected.
I've been expecting a breakout from this wedge pattern for a couple weeks. Last week, the breakout did happen, but price returned to close the week back inside the wedge. I still hold that the technical pattern is extremely bullish. Fundamentals for wheat are also bullish with rising fertilizer and energy...
Wheat is in a long-term uptrend according to Ichimoku on the daily and weekly timeframe. However, in the short/medium term the price action is forming an N wave with time cycles of approx. 77 days between major highs and 45 days between major lows.
We are currently seeing some resistance and retracement around the 800 level. I would theorise the N wave will move...
With the exception of an apparent fakeout in July there is a trendline going back to the previous July which is well respected. A triangle formation can be said to have started around April and looks poised to have a possible mid to late-November breakout. If a breakout happens between the green vertical lines I'll consider that an ascending triangle breakout...
wheat has a 6month cycle, between northern and southern emisphere crop, looks like it will begin a supercycle, like all commodities.
by a thecnical point of view, it's forming a H&S. wheat is a quite "dangerous" commodity to trade so i don't think it's a good idea entering before the pattern ends it's forming and starts going down from that neckline, multiple...
The Fed keeps pumping money into markets, saying inflation is "transitory". If these commodities break up, they will have to finally change their tune. I watch DBC and DBA, the commodity indexes ETFs.
CBOT