Hello everyone, there is a High potential for a bullish tend, the market has a big probability to break the level 825'6 the market may go to retest the level 868'0 with an engulfing candle, then continue up. FIRST TARGET IS 494'4, Second target is 1047'6.
The wheat is now in a clear collection area We expect wheat prices to rise from this area, as shown in the graph
Wheat has been grinding higher since the August lows, and today we saw a breakout above trendline resistance, testing the 200-day moving average. Russia announced plans to annex about 15% of Ukraine, which sent fears into the market regarding their potential wheat exports, and the market was close to limit up. The bulls look to maintain price action above the...
You can short zw now and palce stop loss and take profits as indicated in the chart
Type : Bullish rise Resistance : 1016'7 Pivot: 915'5 Support : 818'0 Preferred Case: On the H4, with price moving along the ascending channel and above the ichimoku indicator, we have a bullish bias that price will rise from the pivot at 915'5, which is in line with the 161.8% fibonacci extension and 50% fibonacci retracement to the 1st resistance at 1016'7 where...
Type : Bullish rise Resistance : 1016'7 Pivot: 915'5 Support : 818'0 Preferred Case: On the H4, with price moving along the ascending channel and above the ichimoku indicator, we have a bullish bias that price will rise from the pivot at 915'5, which is in line with the 161.8% fibonacci extension and 50% fibonacci retracement to the 1st resistance at 1016'7 where...
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
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!
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! Like, comment and subscribe to boost your trading! See other ideas below too!
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! Like, comment and subscribe to boost your trading! See other ideas below too!
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...
wheat futures have defined price channels. for now they are headed back to the 1100'0 level, but could go all the way to 1700'0
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.
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...