Hello,Traders!
WHEAT is again about to retest
A strong horizontal support
So I will be expecting a local move up
Towards the target above
Buy!
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"Nobody is qualified to become a statesman who is entirely ignorant of the problem of wheat." - Socrates
And what a problem this can turn out to be! Wheat and other agriculture commodities have been hammered lately, leading many talking heads to say "Inflation has peaked". For the short term, they are probably right. However, what they are not considering is...
About FUNDAMENTAL ANALYSIS .
---We are now in the corn-demand zone and there are many factors supporting the buying.
1-The Ukrainian war.
2- - dehydration.
3-The rise in the price of oil will lead to a rise in the price of transportation.
About TECHNICAL ANALYSIS
--- we look at (" Sell VOLUME ") and ("Sell pressure") is in decreasing , Volume drives all...
an interesting long strategy emerges in the wheat market, as we reenter main channels from pre-pump...
wheat futures overlaid with timeframe cycles corresponding to the the us intending on increasing its wheat stocks- harvested spring mid summer- (no more domestic supply available until next year)
waiting for micro moves and price to stabilize before entering...
Wheat
Technicals (September): September wheat futures are on the verge of getting out above the upper end of our pivot pocket, 815. If the Bulls can achieve a close above here, we could see the market make an attempt at last week’s highs, 834-843 ½.
Bias: Neutral/Bullish
Previous Session Bias: Neutral/Bullish
Resistance: 834-843 ½***, 898 ½-903****,...
Wheat
Commitments of Traders Update: Friday’s CoT report showed Managed Money were net sellers of 372 futures/options contracts through July 19th. This expands their net short position to 6,816 contracts. Broken down that is 61,465 longs VS 68,281 shorts.
Fundamentals: As with the corn market, wheat futures are rallying this morning on concern that the deal to...
✅WHEAT was trading in an uptrend
But after the retest of the horizontal resistance
On the daily time-frame
The wheat broke the rising support
And after the pullback bearish continuation is likely
SHORT🔥
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Hello,Traders!
WHEAT is trading in a downtrend
But the price is about to retest
The massive horizontal support level
From where after the proper retest
At least a local move up
Is to be expected
Buy!
Like, comment and subscribe to boost your trading!
See other ideas below too!
Precipitation in the EU and the USA and the possible unblocking of Ukrainian ports increase the pressure on wheat prices
Against the background of technical purchases, wheat futures on world exchanges rose yesterday:
by 0.9% or $2.66/t to $301.1/t – September futures for soft winter SRW wheat in Chicago,
by 0.1% or $0.46/t to $319.9/t – September HRW hard winter...
Wheat
Fundamentals: This morning’s weekly export sales report showed net sales of 511,100 metric tons (MT) for 2022/2023 were down 50 percent from the previous week and 10 percent from the prior 4-week average.
Technicals: Wheat futures are holding their own this morning, relative to the pressure we are seeing in corn and beans. We mentioned in recent Tech Talks...
Very strong landing, breaking the pre-defined support area, continuing its strong descent and achieving strong points, knowing that wheat will continue to fall sharply if 745.50 breaks
Wheat
Fundamentals: Yesterday’s weekly export inspections report came in at 185,989 metric tons, well below the 532,898 we saw in the same week last year. The weekly Crop Progress report showed good/excellent ratings for spring wheat at 71%. 68% of the crop is headed. Winter wheat harvest is 70% complete.
Technicals (September): Wheat futures continue to...
CBOT:ZW1!
On June 15th, I issued an options trading strategy on CBOT Wheat Futures.
At the time, I expected wheat price to experience a very large move but was unsure of its direction. Consequently, I recommended a Long Strangle options strategy : Purchase both an out-of-money (OTM) call and an OTM put on September Wheat Futures. The original trading idea may...
CBOT:ZW1!
A bit of a unique chart setup here - typically I trade based solely on the max positioning of the commercials (See below for an explanation of what that means). However, I will occasionally look for a buy when the Net positioning of commercials has accelerated recently (Indicated by black bars in the COT indicator at bottom of the chart). For this...
In the medium term, wheat growth will begin as soon as the price breaks through the strong resistance level of 10$ per bushel.
From Elliot's point of view, the 2008 ATH should be rewritten at 13.49$, after which a powerful price increase will begin.
