wheat futures not slowing downwheat futures have defined price channels. for now they are headed back to the 1100'0 level, but could go all the way to 1700'0
XW1! trade ideas
Wheat Bouncing Wheat's setup looks great on the daily chart. Bouncing off of dynamic support (depicted in orange) nicely.
MACD turning positive.
Next target is 937'6.
As always this is not financial advice. Good luck.
Wheat long 3 hour setupno matter if you are trading the daily chart the 3 hour chart or the 5 min chart
CBOT:ZW1!
triggered a long trade
i am keeping this position with a 2 bars trailing stop...
Wheat Futures - ZW - Like Snakes in a CanSnakes in a can is not a great metaphor for food. Nonetheless, that's the pattern that seems to be developing on wheat futures.
All know that the world's food crops are not in good shape. Massive drought tends to kill plants, which ruins harvests, which causes some obvious downside effects in economies.
Each year in recent years, we're running out of supply until the next year's harvest arrives, which replenishes the silos, which means that you won't really feel the pain of a bad harvest until the following year.
Yay for 2022, not so yay for 2023. 2024 is a dark horizon.
On the monthly chart, Wheat ZW swept out the long-term 2008 high in March on the back of the Russian Federation invading Ukraine:
It only swept the high, however, and has since corrected, hard. It's specifically notable that despite the massive dump, wheat did not take out the January pivot in either July, or in August's very gentle stop raid.
In fact, wheat has spent the better part of two months ranging in this accumulation area, which is bad news for bears and good news for bulls.
It's also notable that corn has already had a significant breakout that took out a previous month's high:
Corn Futures ZC1 - Spooling Like a Turbo
(Too bad I had my compass on backwards for that one and picked that it would go down before it would go up, when it just went up in a straight line. But hey, at least I drew my box in the right place -_-)
Contracts of similar category tend to move in the same direction, but at different times, of each other.
To be frank, I believe that this means wheat is all but guaranteed to set all new highs. However, it's a question of when. In reality, price is the easy part and time is the hard part.
When it comes to "when," at least right now, you can tell from the pattern post-stop raid that we're ready to go somewhere, and that somewhere is probably up.
In terms of between now and the end of September, I think that the most realistic targets are July's equal highs at ~845 and July's monthly high at ~940.
I believe that a major commodities supercycle lies ahead. Something that will really be fun to trade but painful for reality. But I also believe that a big shakeout is imminent before we go there. For wheat, based on how its traded, this may mean it provides something of a shelter or a safe haven, running bull while many other things correct and dump.
As the world gets crazy, keep in mind that no matter how the media and the government howls its narrative, the human race is still ultimately on a planet that orbits a sun and is positioned inside of a very, very, very immense Universe.
The more immense the Universe, the less possible it is that we are either the only lives that exist or the highest lives that exist. That is how statistics and probabilities works.
And I am not talking about such and such idea of aliens. I am talking about the idea of "Gods," which I do not regard as limited to the Marxist-smeared religious dogma of a giant old white man wearing a robe in the sky judging you when you swear or drink.
Instead, to speak of Gods is to simply have a rational understanding about the structure of the Cosmos, its multitudinous dimensions, and those higher lives with power that occupy those dimensions and oversee this human stage during the end of a Cosmic Era.
What I am getting at with the above, is that no matter how "chaotic" things get, the chaos is actually a manifest form of order. Things are happening for a reason, are planned both above and below in advance, and no matter how the Earth capsizes and the Sky falls, the tribulation provides an opportunity.
The Divine is ultimately in control of where we are headed, and for good people, there is hope.
So make sure you maintain your kindness, your conscience, your sense of justice, and your rationality. Do your best, and don't lose heart.
In history, humanity's catastrophes, such as famines, have always had a target, and the target has almost never been people who are virtuous and are walking on the traditional path.
ZW1!9.7.22 Wheat: This looks like a long trade with a small stop. This is a market that can grind higher and lower, and used to be problematic for me because markets like this move slowly very small range, and that is usually very annoying for me. However, I think there's a technique that I personally use, it keeps me in the market longer in a way that's more tolerable. Take a look and see if this could help you. I think it's very easy to think of a market as being weak because of the way it's moving higher, and because of that I generally don't have good staying power. However, if I can get in, and it keeps on failing to make new lows, and all I have to do is look at it once a day keeping my original stop, and the market ends up not stopping me out as it's going higher, and I'm only looking at it once a day.... that is not a bad thing.
It will be "winter of Wheat
I ve written about this in the past.
and still saying be ready for Wheat
Commodity Wheat idea (06/09/2022)wheat
The completion of the (C) wave of the flat irregular wave, and we expect a drop in wheat in the coming period after ending the correction pattern as we explained, and we expect it to target 773 at 1.618%, or it may continue to 2.618% at 744 since trading is the lowest point of resistance 839.25
Golden Wheaties Wheat has broken it's downward channel and retested it successfully. Next, it needs to get above and hold 850 on this futures chart for the real running to begin. We should not see 750 again on this chart. Long term hold for me.
✅WHEAT SWING LONG🚀
✅WHEAT was trading in a narrowing wedge
But now we are seeing a bullish breakout
So I am locally bullish biased
And I think that the pair will go further up
LONG🚀
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Commodity Wheat idea (30/08/2022)wheat
And we expect the end of the wave ((C)) at prices of 849.00 expect the decline from the current prices, but there may be an extension in the rise to price of 872, so we should be careful in the coming period, but for the time being, the decline is in place since trading is below the 849 resistance point
WHEAT FUTURESWheat bounced back from a very strong support area and started climbing strongly and is likely to return to previous peaks
WHEAT ON A HIGH PROBABIITY TO GO UPDear investors,
According to my technical analysis, I'm expecting the price level to rise to 930.00$ after a high probability signal today.
Contact me for more details.
Long Wheat - Retrace RallyCBOT:ZW1!
Wheat might be lining up for a retrace rally.
Wheat appears to have built out a descending wedge while also printing bullish divergence on the RSI.
Price has finally broke the wedge, retested, and continued moving higher.
In that move higher, price has broke through the major descending fork that has held price for the last 3+ months.
In addition, the Perry Kaufman Adaptive MA just printed a "Buy" signal. ( Thanks, @blackcat1402 )
I'm expecting price to continue higher up to the trigger-line of this descending fork.
Plotting an ascending minor fork on the chart to project a path higher, a move to the .618 Fibonacci retracement level appears to be a likely target area.
Target = 1076 USX aka $10.76
Fat_Fat
Wheat is looking great for a long Got a nice base forming here. Could get a quick move if we get above 820 but 845 may show some resistance
Could easily retrace to 950 first, even if it eventually continues lower
forecasting WHEAT ZW in 30 minHello to all investors, according to my previous studies and according to my experience as a trader, I see a good investment opportunity with a high probability of success, the details are reflected in the graph
Analyse technique ZW au 24.08.2022Hello traders, Everything is clear on the chart for you like always. Good luck. If you like the idea, do not forget to support with a like
Analyse technique ZW au 24.08.2022
commodity wheat idea (22/08/2022)wheat
The completion of wave (C) of the irregular flat wave, and we expected this to depend on trading remaining above the support point 742.50, and we expected a rise to prices higher than 820.25 to achieve the condition of the irregular wave.
Wheat LongThe wheat chart is interesting. His position can be increased if he rises above the 800 Level. Or it can be expected to exceed 800 to buy.
WHEAT Likely To Fall! Sell!
Hello,Traders!
WHEAT was trading above a
Key horizontal level
But now we are seeing a breakout attempt
So IF the breakout is confimed
Then we are likely to see
A further move down
Sell!
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A market Update SPX500 USOIL GOLD BTC WEATAll in the video, dip buyers are still in control at the moment. Next resistance point would be around 4360 if they keep rallying it up (quite possible)
