WHEAT trade ideas
Wheat to rally from 2006 lowsDaily bull flag. Buy the pull backs on wheat. Set to rally off of monthly demand:
Wheat can be a long set up!!!Hello traders
New month is here and new trades. I noticed a set up in wheat.Let's take a look:
Monthly: Its not shown here but you can see macd is crossed up and hadelta is above zero. Possible higher low .
Weekly: Kumo is shading price. Ha delta is below zero still. Price made new low and we have green candle to start the week. Chikou reversing after hitting past candles as it can't get downside momentum. Macd is crossed down but above zero line. Prices were rejected at long term trendline but failed to make new low so far.
Daily: Prices above Kijun now . Chikou is above price as of now but we have to wait for close. Bounce from lower channel boundary. Macd can see cross tomorrow and hadelta is above zero. Prices are currently testing trendline.
4h: It's not shown here but it has a breakout already.
Confirmation will come after the close. I will be stalking this for long opportunity. But i wanted to share the chart today. Keep an eye on it .
Short wheat !!!Hello traders
Hope you guys are having a good week. This is my first set up of this week,
Let's take a look
Weekly:
Chart is bearish. Price failing to break above cloud. Now it is stuck between tenkan and kijun. Worth noting is macd which is crossed down.
Hadelta is right at zero line
Daily:
Price rejected by cloud. Back below Tenkan and Kijun. There is a trendline here.Watch for a break there which will bring acceleration . Macd is already below zero. Chikou is below price. Hadelta is below zero line. So , I am already short and on break of trendline i will add.
Let's see how this one plays out.
Wheat's been in a downtrend forever...but it's close now to endFrom $13 down to $3.70 wheat has been battered for the last 9 years - but the years of pain for farmers and wheat bulls all over the world look like coming to an end soon. Here's a trade set-up for May
WHEAT : buy the sell-offIt is clear that a reversal on WHEAT -0.60% will occur very soon.
WHEAT -0.60% is dealing with the 10 years lows and has reached an area of supply/demand from the back of the 2005. Price has also met an old trend, confirming the importance of the area.
Moreover we can see that a bullish Wolfe wave is being taken place.
Despite that, an excess is still possible (proba low though) and thats what the second green area represents.
If price goes in, it will be extremely bullish .
For now the target is set at ~8000 (to review later).
WHEATUSD bull Garthley into bear Cypher Long and Short. Bull Garthley completed. Price in PRZ at moment. Looking at extended target to complete D leg of a bear cypher. See chart for entries and targets. On Garthley move I would move move stop to break even once above .382 fib line.
Wheat - Demand LevelThis is purely a technical view as I am not familiar with wheat fundamentals (Ag fundamentalists please chime in I would love for this to be a learning experience for me); This is however my view of a potential technical validation of the Demand Exchange at 4.07 based on my general view of commodities/dx/oil over the next couple of months as I see a potential pop in the DX after through the March FOMC meeting followed by a small decline in the DX. 4.07 is also in line with the April 2007 major wheat rally kick off.
Looking forward to hearing from you and learning about wheat, Good trading all!
Wheat LongI think Wheat is currently in a corrective structure. It may form a cup and handle formation.
I`m looking for a potential reversal candle to enter long.
Wheat - Explosive breakout pending Keeping a very watchful eye on wheat!!! I believe that there is an explosive move on the way which may be a long drawn out corrective cycle depicted in the chart, after spiraling down for the past five years.
We have recently hit what seemed to be a good double bottom here which failed to breakout leading me to believe there could be a third so maybe third time is the charm possibly when oil turns around and we see another bounce in commodities wheat could be leading the pack. Please see chart below.
short wheatguessing were all waiting on the big wheat up move breakout but it may not happen yet. could be looking short for the time being, wait for trendline breakout confirmation before shorting
Wheat longNot too much to say other than judging by past spikes and take profit at next major resistance area
Long WheatThe price broke out of the consolidation zone. The 200 Ema is pointing higher which indicate the market is preparing to go in long term uptrend. Set a limit order at the highlighted area which was activated.The volume is increasing as well.
wheat analysis chart is on a ascending channel and the last candle show it intend to falling ....
lets see what will happen...
sell after passing of channel toward down ....
buy if big bullish candle
Wheat: bearish hidden divergence.Bollinger bands breakout with shooting star on weekly timeframe (similar bearish breakout already confirmed on the daily).
BB are going wider after squeeze = increased volatility ahead = potential sharp reversal.
Wheat Bull marketbottomed at 3.7, wheat has break through the trading range in 3.7-4.15, reach a new high in two recent trading days. Keeping long position :)
