Wheat

Long WHEATUSD @ 4.23; TP 4.31, SL your choice

We initiated a short position on wheat futures through OANDA platform on daily chart, based on constructive price action pattern and some fundamental indications that the extreme cautions about the 2017 wheat production are way too exaggerated. As the summer progress we see increasing downside pressure and possible good profit opportunity. Our Reward/Risk is 1, ...

Last break above downtrend line gives hope for a change of sentiment. Right now the price is closing correction. It is also possible move a litte bit lower, around 4.00. Suggests a split positions and follow the WASDE report today which will give us an answer what's next.

Given with the break of the downtrend and a major retest in the making, likely that this would turn into a major bullish pattern.

...as discussed by Raoul Pal on Superinvestors and the Art of Worldly Wisdom

Hello everyone, we have an opportunity to short this towards the highlighted target. Overall I believe this could go a lot higher. For any questions leave a comment or DM me. Good Luck

Nach einem Pullback in den Bereich 4.9-5.0 bin ich bereit Wheat zu verkaufen ...

Down trend Same set basically... I added one more position (2/3)

Down trend. My indicator above 0 (you can use other indicators also)

Comments on thee chart

Touched the top of the channel. Now enter short on confirmation, could even take a breakout so be carefull and sell only confirmation candle

has a major bull trend in Wheat begun? I will be a buyer of dips moving forward in this market.

Short Wheat Resistance, divergence

This is a market we are very very interested in, fundamentally and now technically price is now pointing to a much higher area in the long term. We would look at pullback's as value areas to look for long signals as you can clearly see how price is heading after its very long term consolidation period.

Current structure indicates we will have mega bull market and life time opportunity to trade wheat 0.24% for longer term and big winner. Cross market analysis shows similar structure in rice and soy beans whoich support this idea, We have clear divergance in MACD . Dollar is getting weaker which also supports. This trade will multiply anyone's trading ...

The monthly wheatusd chart looks like it may be setting up a potential long term bottom. +DI has crossed above -DI and has put in a solid support line at 4.090 holding for past 4 months ADX has continued to trend up signaling a strengthening of dominant trend (+DI) TRIX has been moving toward 0 from negative Stoch, after being oversold for past year, has ...

follow and trade, but watch lower time frame.

Wheat shows an interesting potential, were to confirm the weekly signal on chart. There is currently two daily modes, from which price can rally from, but it needs to clear the resistance above last week's high to do so, and hold above the mode, detaching from it for a week to trigger the advance I am showing you with this 'divination'. Keep an eye on it to enter ...