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Agricultural Commodities

Corn Futures ( ZC1! ), H4 Potential for Bearish ContinuationTitle: Corn Futures ( ZC1! ), H4 Potential for Bearish Continuation Type: Bearish Continuation Resistance: 673.75 Pivot: 651.25 Support: 638.25 Preferred case: Looking at the H4 chart, my overall bias for ZC1! is bearish due to the current price crossing below the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to head towards the support at 638.25, where the -27.2% Fibonacci expansion line and recent low are located. Alternative scenario: Price may go back up to retest the pivot at 651.25 where the previous swing low is. Fundamentals: There are no major news.
CBOT:ZC1!Short
by Genesiv
Wheat Has Topped, But Corrective Recovery Can Be NearWheat has topped, but corrective recovery can be near, as we see it finishing a five-wave cycle from the highs. Wheat has been in a massive rally at the beginning of 2022 due to war in Ukraine, but now that stocks are trying to stabilize in the second part of 2022, we can see commodities slowing down within deeper corrections. Wheat has five waves down from the highs into first leg A, now unfolding and finishing wave "5" of A that can stop around 700 - 600 area. So, top is in place temporarily, but corrective pullback in wave B may occur at the beginning of 2023, which can retest the 950 – 1000 resistance area before we will later see more weakness within wave C. All the best! If you like what we do, then please like and share our idea! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
CBOT:ZW1!
by ew-forecast
Cocoa Futures ( CC1! ), H4 Potential for Bullish ContinuationTitle: Cocoa Futures ( CC1! ), H4 Potential for Bullish Continuation Type: Bullish Continuation Resistance: 2542 Pivot: 2422 Support: 2475 Preferred case: Looking at the H4 chart, my overall bias for CC1! is bullish due to the current price above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to head back up to retest the resistance at 2542, where the 78.6% Fibonacci line and previous high are. Alternative scenario: Price may go back down to retest the support at 2475, where the 50% Fibonacci line is. Fundamentals: There are no major news.
ICEUS:CC1!Long
by Genesiv
ZW1! Potential For Bullish RiseLooking at the H4 chart, my overall bias for ZW1! is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. However, I am looking to play the pullback. Price has tapped into my buy stop entry at 756.25, where the 23.6% Fibonacci line is. Stop loss will be at 723.50, where the recent swing low is. Take profit will be at 799.50, where the 61.8% Fibonacci line is. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
CBOT:ZW1!Long
by VantageMarkets
Corn Futures ( ZC1! ), H4 Potential for Bearish ContinuationTitle: Corn Futures ( ZC1! ), H4 Potential for Bearish Continuation Type: Bearish Continuation Resistance: 673.75 Pivot: 651.25 Support: 638.25 Preferred case: Looking at the H4 chart, my overall bias for ZC1! is bearish due to the current price below the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to head towards the support at 638.25, where the -27.2% Fibonacci expansion line and recent low are located. Alternative scenario: Price may go back up to retest the pivot at 651.25 where the previous swing low is. Fundamentals: There are no major news.
CBOT:ZC1!Short
by Genesiv
Cocoa Futures ( CC1! ), H4 Potential for Bullish ContinuationTitle: Cocoa Futures ( CC1! ), H4 Potential for Bullish Continuation Type: Bullish Continuation Resistance: 2542 Pivot: 2422 Support: 2475 Preferred case: Looking at the H4 chart, my overall bias for CC1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to head back up to retest the resistance at 2542, where the 78.6% Fibonacci line and previous high are. Alternative scenario: Price may go back down to retest the support at 2475, where the 50% Fibonacci line is. Fundamentals: There are no major news.
ICEUS:CC1!Long
by Genesiv
ZC1! Potential For Bearish ContinuationLooking at the H4 chart, my overall bias for ZC1! is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a sell entry at 651.25, where the previous low is. Stop loss will be at 661.50, where the 23.6% Fibonacci line is. Take profit will be at 632.00, where the 50% Fibonacci line is. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
CBOT:ZC1!Short
by VantageMarkets
Wheat Potential for Bullish RiseLooking at the H4 chart, my overall bias for ZW1! is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. However, I am looking to play the pullback. So, I am looking for a possible buy stop entry at 756.25, where the 23.6% Fibonacci line is. Stop loss will be at 723.50, where the recent swing low is. Take profit will be at 799.50, where the 61.8% Fibonacci line is. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
CBOT:ZW1!Long
by VantageMarkets
Corn Futures ( ZC1! ), H4 Potential for Bearish ContinuationTitle: Corn Futures ( ZC1! ), H4 Potential for Bearish Continuation Type: Bearish Continuation Resistance: 673.75 Pivot: 632.00 Support: 586.00 Preferred case: Looking at the H4 chart, my overall bias for ZC1! is bearish due to the current price below the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to head towards the pivot at 586.00 where the 50% Fibonacci line is located. Alternative scenario: Price may go back up and head towards the resistance at 673.75, where the 50% Fibonacci line is located. Fundamentals: There are no major news.
CBOT:ZC1!Short
by Genesiv
Cocoa Futures ( CCK2022 ), H4 Potential for Bullish ContinuationTitle: Cocoa Futures ( CC1! ), H4 Potential for Bullish Continuation Type: Bullish Continuation Resistance: 2542 Pivot: 2422 Support: 2475 Preferred case: Looking at the H4 chart, my overall bias for CC1! is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to head towards the resistance at 2542, where the 78.6% Fibonacci line and previous high are. Alternative scenario: Price may go back down to retest the support at 2475, where the 50% Fibonacci line is. Fundamentals: There are no major news.
ICEUS:CC1!Long
by Genesiv
Corn Futures ( ZC1! ), H4 Potential for Bearish ContinuationTitle: Corn Futures ( ZC1! ), H4 Potential for Bearish Continuation Type: Bearish Continuation Resistance: 673.75 Pivot: 632.00 Support: 586.00 Preferred case: Looking at the H4 chart, my overall bias for ZC1! is bearish due to the current price below the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to head towards the pivot at 586.00 where the 50% Fibonacci line is located. Alternative scenario: Price may go back up and head towards the resistance at 673.75, where the 50% Fibonacci line is located. Fundamentals: There are no major news.
CBOT:ZC1!Short
by Genesiv
Cocoa Futures ( CCK2022 ), H4 Potential for Bearish DropTitle: Cocoa Futures ( CCK2022 ), H4 Potential for Bearish Drop Type: Bearish Drop Resistance: 2500 Pivot: 2422 Support: 2275 Preferred case: Looking at the H4 chart, my overall bias for CC1! is bearish due to the current price crossing below the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to possibly head towards the pivot at 2422, where the 50% Fibonacci line is. Alternative scenario: Price may go back up and retest the resistance at 2500, where the 23.6% Fibonacci line is. Fundamentals: There are no major news.
ICEUS:CC1!Short
by Genesiv
Wheat: Rough ride since March...Now what???Wheat has had a rough ride since the historic highs reached in March, and now is at levels that will test a "swing support" zone that has held several times in the past year. In summarizing this past week's wheat action, Total Farm Marketing noted (www.totalfarmmarketing.com) Wheat Prices Lower for the Week December CBOT wheat futures shed 10-1/2 cents this week to close at 803-1/4 December KCBOT wheat futures shed 9-1/4 cents this week to close at 934-1/4 December MGEX wheat futures added 5-3/4 cents this week to close at 951-1/2 Informa raised its estimate for the 2023 World wheat crop my 4.5 million tons on higher production in China and India Wheat export sales were only 5.7 million bushels last week which is the second smallest weekly total for that date since 1996 Managed money is currently holding its largest net-short position in 3 years US winter wheat conditions improved somewhat after last week’s rains, but the Plains are still in an extreme drought and will need higher than normal winter precipitation to replenish soil moisture before crops come out of dormancy in the spring Given the mostly negative news, the price action is understandable. But from here, what's the play? Carley Garner from DeCarley Trading tweeted the following idea (and shared with her clients): madmimi.com The link will take you to Carley's specific trade idea which...spoiler alert....plays on Wheat holding support and bouncing from here at some point. I think her trade idea is well constructed and founded on sound reasoning. I actually initiated a small position in the call spread (without selling the otm put). As always, my positioning and my article is NOT meant to be advice in any way! But it's good food for thought and discussion. Eager to hear reactions/thoughts.
CBOT:ZW1!Long
by trader_investr
HogsHogs - Weekly Continuous: The gray vertical bars represent the expiration month of labeled contract and have prices of each contract as of today labeled. The deferred contracts can use the uptrend/downtrend lines to determine areas to be hedged. The June 21' high has provided a pivot for a down trend line that has acted as a strong area of resistance. Currently the May and June Contracts are near that downtrend line and could warrant some Price protection. Above look at the Red Uptrend line
CME:HE1!
by mtb1980