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...
All in the video, dip buyers are still in control at the moment. Next resistance point would be around 4360 if they keep rallying it up (quite possible)
Paul Wankmueller CMT of Blue Line Futures sees a Head and Shoulders Top in December 2022 CBOT Wheat. Feel free to reach out with any Technical Analysis Questions! Today Wheat broke through the neckline of a Head & Shoulders top with conviction, confirming the pattern. Using the distance between the neckline and the top of the head, the continuation can conclude...
Hello and Welcome, We expect wave (3) to end at 1157.6 which at this level wave (3) will equal 3.618 multiply of wave (1).
Hello and welcome, we are looking for a strong move higher in wave (3)
Wheat futures rallied last week as it was expected. Congrats on your profits! Wheat is one of my favorite instruments. It follows setups very well. Many traders focus on more volatile instruments. But that is wrong. As traders, we have to be focused on a less speculative instrument that gives a better risk/reward ratio. I believe the price will retest recent highs...