CFDs on Wheat
●● Preferred count ● Wheat - CBOT (ZW.F), 🕐TF: 1Q Fig.1 The counting of the wave structure of 1840-1972 has been revised in favor of a supercycly triangle (IV) , the subsequent series of uptrend waves is interpreted as waves I , II and III as part of the unfolding ending diagonal (V) . _______________________________________ ● Wheat Futures...
In this update we review the recent price action in the Wheat futures contract and identify the next high probability trading pattern and price objectives to target
Wheat future showing a similar pattern previous 1982,1998 and 2008 crashes. That is pure data analysis, without taking the fundamentals in account. The 730 support level as from now is therefore highly important.
Wheat has topped, but corrective recovery can be near, as we see it finishing a five-wave cycle from the highs. Wheat has been in a massive rally at the beginning of 2022 due to war in Ukraine, but now that stocks are trying to stabilize in the second part of 2022, we can see commodities slowing down within deeper corrections. Wheat has five waves down from the...
CBOT: CBOT:ZW1! , CBOT:ZS1! , CBOT:ZC1! , CME:HE1! This is the second report in the series “Year of the Rabbit: Short-tailed Trading”. US inflation began to pick up in March 2021 and rose rapidly throughout the year. Federal Reserve officials told Americans not to worry. It was due to supply chain issues and comparisons to low baseline numbers in 2020...
Hello, We have a lot of factors to push price of WHEAT to next level. 1. Drought in USA (2023). It can affected results of harvest in this year. 2. War in Ukraine and "super danger" aggressions from Russia (both economics will be damaged - for agriculture). 3. Also we are expecting that the Price of Oil (Brand) will grow up from 85$ to 115$ (November...
The signals in the chart point towards a likely continuation of the recent drop with a short target at around $560.
44 cents is around the corner , i think wheat this year will hit 1200.
I don't often play agg futures but this opportunity sticks out to me and I couldn't resist.
Technical Double Bottom Wait for breakout with Jupu green tag and then pullback to fibs/green shade on Jupu
When ZW hit the daily support level the second time, it bounced drastically, that's a Sign of Strength (SOS).
Wheat made a triple botten past year and a double bottem last month. It will go to privious high's
Looking at the H4 chart, my overall bias for ZW1! is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a sell entry at 740.75, where the 23.6% Fibonacci line is. Stop loss will be at 758.00, where the 38.2% Fibonacci line and recent high are. Take profit will be at 723.50, where the previous swing low...
March futures... price declining from a large cycle top Short Entry TP - 1 = 636 Use tight stop above 790 usd Trade safe, good luck
Looking at the H4 chart, my overall bias for ZW1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Price has tapped into my pullback buy entry at 761.50, where the 78.6% Fibonacci line is. Stop loss will be at 744.75, where the 23.6% Fibonacci line is. Take profit will be at 785.50, where the previous swing high and...
Looking at the H4 chart, my overall bias for ZW1! is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a possible pullback buy entry at 761.50, where the 78.6% Fibonacci line is. Stop loss will be at 744.75, where the 23.6% Fibonacci line is. Take profit will be at 785.50, where the previous swing high and...
Looking at the H4 chart, my overall bias for ZW1! is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a possible sell stop entry at 745.75, where the 23.6% Fibonacci line is. Stop loss will be at 761.50, where the 78.6% Fibonacci line is. Take profit will be at 731.25, where the -27.2% Fibonacci expansion...
Looking at the H4 chart, my overall bias for ZW1! is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a sell stop entry at 750.75, where the 61.8% Fibonacci line is. Stop loss will be at 767.25, where the 61.8% Fibonacci line and previous high is. Take profit will be at 723.50, where the previous swing low...