WHEAT longCommodity market long therm looks like bulls want to take control, moreover commodities are the best performer out of different asset classes during rising inflation period. On WHEAT I will be waiting for pullback, and then next cycle to the upside targeting upper descending resistance line, looking for the same pattern as in SOYBEAN. Longby kopestUpdated 0
# CFD WHEATUSD Rising WEDGE Pending sell option#WHEATUSD is in a consolidation pattern as a rising wedge in case of the loss of upside momentum can give the pattern a bearish bias and the final break of the support indicates that the forces of supply have finally won out and prices are likely to be lower! Let's see how it goes! Good Luck............Shortby MANOLISUpdated 12
WHEAT - D - LONGReason for long : I'm pulling the trigger a bit fast on this one, as we don't have yet confirmation of end of consolidation on weekly TF. However, as I'm embarassed to miss the natgas rally (this is one of my favorite asset and I have waited weeks for this to finally miss it because of external factors). I believe raw materials are in for a good year in 2018 as cyclical this market can get. I'm not too much into GOLD/SILVER right now and wait for correction. But WHEAT is also tanking a lot since weeks and altough we made some pips weeks ago on false breakout, this was not convincing. This time may be the same... or not. Trade with your own diligence.Longby BastosaiUpdated 2
Wheat Daily chartWheat is in a bearish trend for some time so I'm just looking for entry levels to go short. Since 17/01/18 it went up a lil bit and when it hits a minor resistance level (black arrow) I might sell more and add to my positions.Shortby minerva_fx1
WHEAT 4HR Chart 2618WHEAT is in the selling area for the clear 2618 pattern. Profit taking area would be support. Shortby danserati1
WHEAT WEAK THIS WEEK :)My guess is that EAs are gonna be hunting stops between 3.1-3.5. by techopnow221
Wheat long?If price will break the channel look for sell setups, but if it stops at the yellow line and bounce up look for buy setups. !!!!WATCH CORN!!! they go together almost all the timeby MRobertUpdated 6
Find a setupHi, this is a setup for a long or a short position with the same key point. After the big seasonally short ther is a new opportunity to go long (setup is in the chart) if the red line will hold that means imo that oil will go to 54/56. If this setup will fail there is a possibility , maybe more interesting, of a fall to main support as is more likely to have during this season. by mamquaUpdated 5
Wheat Short Position Initiated on Daily ChartWe 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, although we expect further downside potential and may join the trend in a later point again. A contango situation when the short position pay off just for holding it is also present that additionally favor keeping this position for longer.Shortby auroraspotUpdated 2
Wheat H1 EW AnalysisIn the Wheat M60 chart we see some 5 wave formation. We are on the way to finish the 3. wave. The subwave 4 is build in the next few h. and we have a chance to trade the correction after subwave 5 to create wave 4. We see the fibo time level 0.618 -1.618. In that area the market has to drop back. If the market do we have a nice entryShortby Foxx_Pi_824
Key level positioning strategy on daily timeframe on wheatSee chart for explanationEducationby UnknownUnicorn540299Updated 6
Wheat: Let the fun beginSecond correctional wave seem to be completed. Hope you bought the dip :) Now, we should see third wave advance out from bottom. That can be fun. Look at chart for expected price path.Longby UnknownUnicorn540299Updated 333
Wheat M15 Gartley PatternA new chance to trade a nice Gartley Pattern in structure! S/L is in fav. of my setup you can change the point if it dont fit your style. Target is at the 38% fibu ret. 50% and 61% is another target if you want toShortby Foxx_Pi_821
long wheat! buy the dip!?longed wheat at green line area (looked like weekly support) looks like a nice dip into bullish orderblock + prior support right now (testing consolidation breakout support?) would add more Wheat longs here ideally wheat should not move down past the grey boxed area. Longby bageltokki0
Buy wheatHi, wheat had a good reaction to the big sell and touched a big support. Imo is a buy with tp1 430 and tp2 450Longby mamquaUpdated 4
Great opportunity on Wheat! daily chartI have found this turtle soup in daily chart. Ratio is 1:3Longby AntonioMigliaccio_AlgoCapitalUpdated 6
WHEAT - Daily - Wonderful.This is just a wonderful commodity to trade. If there were no broker swaps (holding costs) in this, then it would be even better. We had some good selling and now we might recover a bit of that. We are approaching some key levels right now and this could just play out nicely. The level that I'm watching is 4.15 and then higher. If we close above 4.15 strongly, then the next one watch out for will be 4.30 (23.6%). But the 4.15 level is also a strong potential resistance level, because we have the trend line running there, which will be tested underneath and we have the 20 SMA of the Bollinger Band. At this point in time, I would say it's a BUY, to capture a few pips. Once you're in profit, then move you SL just above the entry price, in case it will decide to reverse quickly. Happy trading and keep your eyes on the price action! Longby DariusAnucauskas3
WHEATUp Trend. Price outside the lower band of the regression line. Oversold IndicatorLongby jaktraderUpdated 6
Wheat - possible new trendLast 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. Longby analitykFXUpdated 4
WheatI suspect a trend-change coming soon and getting ready to long.Longby UnknownUnicorn540299Updated 111110