FOR commodities traders and suppliersFOR commodities traders we have a good entry point for buying wheat
ZW1! trade ideas
clean wheat prices went perfectly to the zone which i had previously marked down, after displacing the upper zone.
now waiting for an entry, i uploaded what i think could be a future push up.
ZW1!11. 3. 22 I called for a long trade on WHEAT Last week. It did go higher, and I would have been optimistic then it would be going a lot higher because it Gapped Higher...But then it gapped lower and is almost At the support. I would get out of a long trade like this.
Wheat Mini Futures ( XW1! ), H4 Potential for Bullish MomentumTitle: Wheat Mini Futures ( XW1! ), H4 Potential for Bullish Momentum
Type: Bullish Momentum
Resistance: 949'3
Pivot: 904'1
Support: 877'3
Preferred case: With the price moving above ichimoku cloud , we have a buillish bias that the price may rise from the pivot at 904'1, which is in line with the overlap resistance to the 61.8% fibonacci retracement to the 1st resistance at 949'3, where the swing high is.
Alternative scenario: Price may retrace downwards and head towards the 877'3
support level , where the 38.2% Fibonacci lines located.
Fundamentals: There are no major news.
Wheat Mini Futures ( XW1! ), H4 Potential for Bullish MomentumTitle: Wheat Mini Futures ( XW1! ), H4 Potential for Bullish Momentum
Type: Bullish Momentum
Resistance: 949'3
Pivot: 904'1
Support: 877'3
Preferred case: With the price moving above ichimoku cloud, we have a buillish bias that the price may rise from the pivot at 904'1, which is in line with the overlap resistance to the 61.8% fibonacci retracement to the 1st resistance at 949'3, where the swing high is.
Alternative scenario: Price may retrace downwards and head towards the 877'3
support level, where the 38.2% Fibonacci lines located.
Fundamentals: There are no major news.
Bullish on Wheat See daily chart for more information
9th Sept candle broke out of the resistance once but failed . Then , 20th Sept, it shoot right up fiercely and pull back nicely at the resistance turn support level at 850.4. I believe the rally has just begun. Accumulate on its way up.........
WHEAT W1The situation on the wheat market may become critical for the consumer, due to Russia's withdrawal from the grain deal. That will probably entail a speculative increase in the price of grain. At the start of full-scale hostilities in Ukraine, we saw the price of quotations for wheat almost double in a very short period. After that, the situation stabilized a bit. But realizing that due to the impossibility of logistics of wheat from Ukraine, the situation could create hunger in the world. Because Ukraine is a very large supplier of grain, on which many countries depend. The states, with the participation of Erdogan, were able to reach a consensus and conclude a grain deal. But because of the shelling of the Russian fleet last week, the Russian Federation announced that it was withdrawing from this agreement. Now there are almost 300 ships at sea loaded with Ukrainian wheat and blocked by Russian troops. Not being able to supply grain to the consumer will create a shortage in the market and the price will automatically start to rise. Immediately after the announcement of Russia, the price increased by 8%!
Wheat Mini Futures ( XW!), H4 Potential for Bearish MomentumType: Bearish Momentum
Resistance: 904'1
Pivot: 856’0
Support: 781'4
Preferred Case: On H4, as the price moving below ichimoku cloud and descending channel , we have a bearish bias that the price may drop from the pivot at 856‘0. which is in line with the overlap resistance and 23.6% fibonacci retracement to the 1st support at 781'4 where the 78.6% fibonacci retracement is.
Alternative scenario: Alternatively, the price may rise to the 1st resistance at 904'1, which is in line with the 61.8% fibonacci retracement .
Fundamentals: There are no major news.
Wheat Mini Futures ( XW!), H4 Potential for Bearish MomentumType: Bearish Momentum
Resistance: 904'1
Pivot: 853'1
Support: 781'4
Preferred Case: On H4, as the price moving below ichimoku cloud and descending channel , we have a bearish bias that the price may drop from the pivot at 853'1. which is in line with the overlap resistance and 23.6% fibonacci retracement to the 1st support at 781'4 where the 78.6% fibonacci retracement is.
Alternative scenario: Alternatively, the price may rise to the 1st resistance at 904'1, which is in line with the 61.8% fibonacci retracement .
Fundamentals: There are no major news.
Wheat Mini Futures ( XW!), H4 Potential for Bearish MomentumType: Bearish Momentum
Resistance: 904'1
Pivot: 853'1
Support: 781'4
Preferred Case: On H4, as the price moving below ichimoku cloud and descending channel , we have a bearish bias that the price may drop from the pivot at 853'1. which is in line with the overlap resistance and 23.6% fibonacci retracement to the 1st support at 781'4 where the 78.6% fibonacci retracement is.
Alternative scenario: Alternatively, the price may rise to the 1st resistance at 904'1, which is in line with the 61.8% fibonacci retracement .
Fundamentals: There are no major news.
Wheat Mini Futures ( XW!), H4 Potential for Bearish MomentumType: Bearish Momentum
Resistance: 904'1
Pivot: 853'1
Support: 781'4
Preferred Case: On H4, as the price moving below ichimoku cloud and descending channel , we have a bearish bias that the price may drop from the pivot at 853'1. which is in line with the overlap resistance and 23.6% fibonacci retracement to the 1st support at 781'4 where the 78.6% fibonacci retracement is.
Alternative scenario: Alternatively, the price may rise to the 1st resistance at 904'1, which is in line with the 61.8% fibonacci retracement .
Fundamentals: There are no major news.
LBS1!10. 26. 22 I think the lumber has come to a reversal area. Unfortunately, I pushed the wrong button, which may be good for you, and I accidentally close the video before I got done talking. This means there will be another video.
Wheat Mini Futures ( XW!), H4 Potential for Bearish MomentumType: Bearish Momentum
Resistance: 904'1
Pivot: 853'1
Support: 781'4
Preferred Case: On H4, as the price moving below ichimoku cloud and descending channel , we have a bearish bias that the price may drop from the pivot at 853'1. which is in line with the overlap resistance and 23.6% fibonacci retracement to the 1st support at 781'4 where the 78.6% fibonacci retracement is.
Alternative scenario: Alternatively, the price may rise to the 1st resistance at 904'1, which is in line with the 61.8% fibonacci retracement .
Fundamentals: There are no major news.
Wheat Mini Futures ( XW1! ), H4 Potential for Bearish MomentumType: Bearish Momentum
Resistance: 904'1
Pivot: 858'2
Support: 781'4
Preferred Case: On H4, as the price moving below ichimoku cloud and descending channel , we have a bearish bias that the price may drop from the pivot at 858'2. which is in line with the overlap resistance and 23.6% fibonacci retracement to the 1st support at 781'4 where the 78.6% fibonacci retracement is.
Alternative scenario: Alternatively, the price may rise to the 1st resistance at 904'1, which is in line with the 61.8% fibonacci retracement .
Fundamentals: There are no major news.
WHEAT // market is in daily impulseHi✋🏽
Trend is short, and price tested the last daily south breakout, then turned. Targets are marked by the fibo.
What do you think???
Trade safe! ⚪️⚫️
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ANYWAY, a lot of Qs about the direction of the price. But it doesn't matter.
I JUST REACT!
Thanks for reading my analysis!🤘🏽
Remember that trading is a business.
SIZE your TRADES according to your risk aversion!
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WHEAT Part 210. 18. 22 This is part 2 of wheat. Essentially, I am very comfortable with part 1, and it represents how I would frame a market for a trade. However, I can get a trading advantage with a low risk of getting stopped out, getting in at a lower price If I use the 4-Hour chart. The 4-Hour chart has two functions in this case: It gets me in yesterday at a lower price, and it gets me a signal of where the markets had gap hire Which I could not have seen on the daily chart, plus it allows me to see a measured move that would be difficult to see on the Daily chart. In other words, a better trade location at a lower price, and a market pattern that suggests a higher probability that the market will not stop me out right away.... and this helps me manage my time at the computer, and frequently helps me use a smaller stop. I know some of these details that we can have as Traders can be a mind game. Regardless, this is how I frame my trades and manage my Initial stops. Part 1 is where you should start.... Because it's easy and its basic. We are just tweaking things here a little bit on the second part.
ZW1!10. 18. 22 I'm showing you the setup wheat trade. I do not trade wheat, but maybe I will someday. I went process and everything that I described is exactly what I would do if I were taking a trade in this market. What I mean by that is that I would not just set the market up for the long trade...I would also look at the long trade that I missed. If I were doing it so it might take me an extra 5 minutes of my time to look at what I missed. The most important thing is that I get a familiarity with that market. It helps me to look to the left to get a feel of the market even though I missed a good trade. It takes maybe 5 minutes to do this... but it developed a comfort level for me. In effect, I am going through my "training list".
Wheat Mini Futures (XW1! ), H4 Potential for Bearish MomentumType: Bearish Momentum
Resistance: 904'1
Pivot: 876'3
Support: 818'6
Preferred Case: The H4 price is breaking the descending channel and below ichimoku cloud , we have a bearish bias that the price may drop from the pivot at 876'3, where the 23.6% fibonaci retracement and overlap resistance are to the 1st support at 818'6, which is in line with the 61.8% fibonacci retracement and overlap support.
Alternative scenario: If there is a price reversal, price will move to 904'1, where the previous swing high and 50% fibonacci retracement are.
Fundamentals: There are no major news.
Wheat Mini Futures (XW1! ), H4 Potential for Bearish MomentumType: Bearish Momentum
Resistance: 904'1
Pivot: 876'3
Support: 818'6
Preferred Case: The H4 price is breaking the descending channel and below ichimoku cloud, we have a bearish bias that the price may drop from the pivot at 876'3, where the 23.6% fibonaci retracement and overlap resistance are to the 1st support at 818'6, which is in line with the 61.8% fibonacci retracement and overlap support.
Alternative scenario: If there is a price reversal, price will move to 904'1, where the previous swing high and 50% fibonacci retracement are.
Fundamentals: There are no major news.
CBOT Wheat Futures (ZW1!) with Sq Root Levels and AnglesCBOT Weekly Wheat Futures (ZW1!) with √ 2 + 2 support, resistance, and angles. Note square out turning points.
