When the Russia-Ukraine conflict first broke out, world markets were in a complete shock. Equities fell and commodities rose as geopolitical tension became the dominant price driver.
As fighting dragged on from weeks to months, other important factors took over. Besides the traditional supply and demand variables, we have witnessed a record shattering inflation...
Hello,Traders!
WHEAT was trading in an uptrend
In a rising channel but after the retest
Of the horizontal resistance
We are seeing a bearish breakout
So after the rebound and retest
Of the broken structure
The price will go down
Sell!
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I'm quite sure the first micro leg is finished and the next leg should get the media's attention. Over 860 and longs will likely pile in, as that has been strong resistance for months. Watch for grain reports for the "reason for the move" . www.nass.usda.gov
Good luck!
Daily ZW analysis
Sell trade with target and stop loss as shown in the chart
The trend is down and we may see more drop in the coming period in the medium term
All the best, I hope for your participation in the analysis, and for any inquiries, please send in the comments
Hello to all investors, according to my previous studies and according to my experience as a trader, I see a good investment opportunity with a high probability of success, the details are reflected in the graph
wheat
The completion of the wave (C) of the flat irregular wave, and we expect wheat to drop in the coming period after ending the correction pattern as we explained, and we expect the waves to end at a price of 885.00, which is the decisive point for the coming period and the beginning of the decline in the wave
Hello,Traders!
WHEAT has retested a horizontal
Resistance level and then
Broke out of the rising wedge pattern
Which makes me locally bearish
And I think Wheat will
Continue to fall down
Sell!
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See other ideas below too!
Hello traders, Everything is clear on the chart for you like always. Good luck. If you like the idea, do not forget to support with a like and follow me for next analysis :) Write your comment and opinion below to me.
Wheat's setup looks great on the daily chart. Bouncing off of dynamic support (depicted in orange) nicely.
MACD turning positive.
Next target is 937'6.
As always this is not financial advice. Good luck.
Hello traders, Everything is clear on the chart for you like always. Good luck. If you like the idea, do not forget to support with a like and follow me for next analysis :) Write your comment and opinion below to me.
no matter if you are trading the daily chart the 3 hour chart or the 5 min chart
CBOT:ZW1!
triggered a long trade
i am keeping this position with a 2 bars trailing stop...
Snakes in a can is not a great metaphor for food. Nonetheless, that's the pattern that seems to be developing on wheat futures.
All know that the world's food crops are not in good shape. Massive drought tends to kill plants, which ruins harvests, which causes some obvious downside effects in economies.
Each year in recent years, we're running out of supply...
9.7.22 Wheat: This looks like a long trade with a small stop. This is a market that can grind higher and lower, and used to be problematic for me because markets like this move slowly very small range, and that is usually very annoying for me. However, I think there's a technique that I personally use, it keeps me in the market longer in a way that's more...
CBOT
