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Wheat Futures (Mar 2023)

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ZWH2023 trade ideas

Wheat commodity USA Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series Focus: Worldwide By Sun Storm Investment Research & NexGen Wealth Management Service A Profit & Solutions Strategy & Research Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures | USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision. #debadipb #profitsolutions
CBOT:ZW1!
by Sunstorminvest
Wheat Developing Triple Zigzag with Bearish SeasonalityWheat's wave count doesn't look exactly textbook, but after having counted the subwaves, I'm convinced that wheat is developing a triple zigzag. The first zigzag is disproportionately large compared to the second zigzag, but this sometimes happens in a double or triple zigzag when the first zigzag has a significant retracement. I'm not sure how long it will take for the third zigzag to complete or how far it will retrace, but wheat has bearish seasonality until September 13, so I have drawn the down arrow until this date because it is my best guess. After more subwaves develop, I should have a more accurate estimate.
CBOT:ZWZ2022
by epistemophiliac
Socrates on Wheat "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 wheat had a 10+year basing formation which it broke out of and likely has started a multi year bull market. This little correction we've had looks like it's close to being done. Like Natural Gas, Agricultural commodities may start taking off again very soon. We are at support with Weekly hidden bull divergences. It's possible this goes slightly lower, but collecting here slowly is for me, an ideal area to buy. If the long term chart of Wheat is a cup and handle, we could see a tripling of prices over the next few years. For those who don't trade futures, General ag commodities ETF is DBA, Wheat ETF is WEAT. The charts are very similar.
CBOT:ZW1!Long
by the_sunship
2
Wheat Commodity USA Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series Focus: Worldwide By Sun Storm Investment Research & NexGen Wealth Management Service A Profit & Solutions Strategy & Research Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures | USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision. #debadipb #profitsolutions
CBOT:ZW1!
by Sunstorminvest
ZW / WHEAT FUTURESAbout 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 markets. About Psycho- --- The short sellers start to take their money from wheat market because of a psycho- demand zone.
CBOT:ZW1!
by Gassem_futures
Is Wheat Making a Bottom?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****, 960-970*** Pivot: 800-815 Support: 754-765 ¾**, 739-749*** Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
CBOT:ZW1!
by OliverSloup_BlueLine
Wheat Futures Rally 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 open up Ukrainian ports will not stand. This after Russia and Ukraine inked a deal on Friday. By Saturday morning, there were two missile strikes in Odessa. Technicals: September wheat futures were down another 17 ¾ cents last week, taking prices to their lowest level since the first week of February. Wheat futures are higher this morning, a silver lining for the Bulls, but they have their work cut out for them following the last several months of intense pressure. The first hurdle is to achieve a close out above the psychologically significant $8.00 handle. Bias: Neutral/Bullish Previous Session Bias: Neutral/Bullish Resistance: 839-849**, 898 ½-903****, 960-970*** Pivot: 800-815 Support: 765 ¾**, 739-749*** Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
CBOT:ZW1!
by OliverSloup_BlueLine
wheatPrecipitation 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 futures in Kansas City, by 0.9% or €3/t to €340/t or $347.4/t – September wheat futures on Paris Euronext. At the same time, September futures for HRS durum wheat in Minneapolis fell by 0.5% or $1.93/t to $339.6/t, and August futures for Black Sea wheat in Chicago remained at 360.25 $/ton During the first 10 days of the new season, the EU exported 363,944 thousand tons of wheat, which is 24% more than the same figure last year. Today, the markets are waiting for the results of the negotiations on unblocking the ports of Ukraine and accurate data on the auctions in Egypt. However, one should not expect a sharp drop in prices from the decision to resume exports from Ukraine, since realistically supplies will not resume before September, and the daily shelling of Mykolaiv will not allow port terminals to work, especially those owned by foreign companies.
CBOT:ZW1!Short
by HOANGDANH88