Summer rally until 2018-06-28 - 2018-07-05 Long
Care for the turn. Close longs if you see the turn to short end of June.
Short after summer rally to end of August.
I not taking the rally I waiting for the turn and than short on the way back.
Great opportunities to short wheat at the key 0.618 fib level for a big move down all the way to 4.2820 at the 0.236 fib level. Minimum draw-down with stops placed safely above the summer highs.
Entry: 5.3540 (On the 0.618 fib level)
Predicting Wheat is going down especially after this railroad/railway pattern.
Take Profit 419
Stop Loss 458
I am not a fortune teller so take these predictions as pure entertainment. Trading has great risks so trade responsibly.
Rains in top US wheat 0.11% growing areas after drought improve crop outlook. Will the wheat 0.11% price continue falling?
Recent rains in southern Plains after dry conditions following colder than usual winter in top US wheat 0.11% growing states has improved US wheat 0.11% crop outlook. Colder winter has slowed crop development, limiting crop’s water needs,...
Rains in top US wheat growing areas after drought improve crop outlook. Will the wheat price continue falling?
Recent rains in southern Plains after dry conditions following colder than usual winter in top US wheat growing states has improved US wheat crop outlook. Colder winter has slowed crop development, limiting crop’s water needs, and more rains support...
I am entering into short positon on H1 chart in wheat once again. The market seems saturated at this time with lots of supply from the producers as the autumn season is at its best. Risk/Reward at 1. This is a shorter time frame trade. Expecting to be closed in few days.
Here is a new LONG signal on WHEAT :
Entry : 4.44
SL : 4.2525
TP1 : 4.5833
TP2 : 4.7764
TP3 : 4.9730
After it's bonus trade.
Reasons for this long : Several reversal pattern, and lots of bear/bull fight around 4.2/4.4. It means we will see at least a pullback to some fibs at some point. When and how much is the guess!
Trade with your own...