✅WHEAT fell down sharply But a strong support level was hit Thus as a rebound is already happening A move up towards the target shall follow LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Type : Bullish Rise Resistance : 1103'6 Pivot: 1084'0 Support : 1072'4 Preferred Case: On the H1, price is moving above the ichimoku cloud which supports our bullish bias that price will rise from the pivot at 1084'0 where the overlap support and 23.6% fibonacci retracement are to the 1st resistance at 1103'6 in line with the overlap resistance, 78.6% fibonacci...
Wheat Fundamentals: This morning’s weekly export sales report showed net sales of 236,900 metric tons (MT) for 2022/2023. Technicals: Wheat futures were able to defend technical support yesterday, we’ve had that defined as 1027 ¼-1034 ¼. If you’re Bullish, this is a spot to consider buying against as the risk is fairly well defined. If we break and close below...
Here, we will have a big probability of a downtrend as you see on the chart.thanks.
Wheat Technicals: Wheat futures came within a stone's throw of 4-star support overnight, we've had that labeled as 1027 1/4-1034 1/4, the low was 1036 1/2. If you're Bullish (we aren't) that is a good spot to consider buying as the risk is fairly well defined. A break and close below that pocket could open the door for a break back below $10.00 and below, with...
Wheat Technicals (July): More of the same for wheat, as we continue to trade in a range, albeit a wide range. Wheat futures continue to chop around from about 1030 on the low end and 1100 on the high end. A breakout or breakdown from these levels could pop or drop the market 50 cents relatively quickly. Our bias is Neutral at the moment, but we would be looking to...
Wheat Commitments of Traders Update: Friday’s CoT report showed Managed Money were net sellers of 2,905 futures/options contracts, through June 7th. This shrinks their net long position to 13,774. Broken down, that is 82,385 longs VS 68,611 shorts. Technicals: Wheat futures continue to chop around in a wide range, from about 1030 on the low end and 1100 on the...
Wheat Technicals: July wheat futures have been the laggard of the big-3, treading near the lower end of the last month’s range. Our pivot pocket from 1095-1102 remains intact. This pocket is not only psychologically significant, but also technically significant with the 50-day moving average coming in at 1099 ¾, along with other previously important price points....
Wheat Fundamentals: Yesterday’s Crop Progress report showed spring wheat is 82% planted, 4% behind the average estimate. 55% of the crop is emerged. Spring wheat harvest is estimated to be 5% complete. Good to excellent ratings remain steady around 30%. Technicals (July): July wheat futures are the weak link in the early morning trade as the market struggles to...
If you have access to historical data, you see correlation in commodities macro trends and especially same time cycles. this chart is a small sample (which now affects the whole world) and we see same channel, same time sycle, same macro trends and same target for this trend...
Wheat custom is a very strong sharp descent and it can bounce back from the very strong demand area.
Wheat Fundamentals: This morning’s weekly export sales report showed net sales 700 metric tons (MT) for 2021/2022 were down noticeably from the previous week and down 98 percent from the prior 4-week average. Net sales of 363,500 MT for 2022/2023. Technicals: Wheat futures were able to stage a recover rally yesterday, albeit a relatively tiny one relative to the...
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Type : Bearish Momentum Resistance : 1085'2 Pivot: 1065'2 Support : 1027'0 Preferred Case: On the H1, price is moving below the ichimoku cloud which supports bearish bias that price will drop from our pivot at 1065'2 in line with the overlap resistance and 23.6% fibonacci retracement to the 1st support at 1027'0 in line with the swing low support. Alternative...
especially when confirmed on the daily chart I like to trade short on the 1 or 2 hour chart WHEAT NASDAQ BTC CRUDE OIL 30 YEAR BONDS notice with the filter to only enter trades above 18 SMA only the high profit signals are in play. basic rules to go short below the bar that broke prior days high or low and to trail the exit stop above prior days high apply
Type : Bearish Continuation Resistance : 1170'2 Pivot: 1159'0 Support : 1121'4 Preferred Case: With RSI moving in a downtrend momentum and price reversing off the ichimoku cloud, we have a bearish bias that price will drop to our 1st support at 1121'4 in line with the 78.6% fibonacci projection and horizontal overlap support from our pivot at 1159'0 in line with...
I expect the end of wave (B) at the level of 1640-1660. Then down and for a long time.
Type : Bullish rise Resistance 1218'0 Pivot: 1182'4 Support : 1164'6 Preferred Case: With MACD following a bullish momentum and price breakout from the descending trendline, we have a bullish bias that price will rise to our 1st resistance at 1218'0 in line with the horizontal overlap resistance and 38.2% Fibonacci retracement from our pivot at 1182'4 in line...