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Agricultural Commodities

Corn Futures ( ZC1!), H4 Potential for Bullish Momentum Title: Corn Futures ( ZC1!), H4 Potential for Bullish Momentum Type: Bullish Momentum Resistance: 715.25 Pivot: 706.50 Support: 675.00 Preferred case: On the H4 chart, we have a bullish bias. To add confluence to this, price is above the Ichimoku cloud which indicates a bullish market. Overnight price had bullish momentum upwards with price currently trading at 693.2 at time of writing. If this bullish momentum continues, expect price to possibly head towards the Pivot line at 706.4 where the previous high and 100% Fibonacci line are located. Alternative scenario: Price may go back down to retest the support line at 675.00, where the 100% and 0% Fibonacci lines are located. Fundamentals: There are no major news.
CBOT:ZC1!Long
by Genesiv
Corn Futures ( ZC1!), H4 Potential for Bearish Momentum Title: Corn Futures ( ZC1!), H4 Potential for Bearish Momentum Type: Bearish Momentum Resistance: 680.25 Pivot: 661.20 Support: 674.00 Preferred case: On the H4 chart, we have a bearish bias. To add confirmation to this bias, price is under the ichimoku cloud which indicates a bearish market. Overnight price had a bearish momentum downwards and closed below the 1st resistance line at 680.25 where the 50% and 38.2% Fibonacci lines are located. Expecting price to continue bearish and head towards the 1st support at 674.00 where the 38.2% Fibonacci line is located. Alternative scenario: Price may go back up to retest the 1st resistance level Fundamentals: There are no major news.
CBOT:ZC1!Short
by Genesiv
Corn Futures ( ZC1! ), H4 Potential for Bullish MomentumTitle: Corn Futures ( ZC1! ), H4 Potential for Bullish Momentum Type: Bullish Momentum Resistance: 698.50 Pivot: 661.20 Support: 680.25 Preferred case: On the H4 chart, we have a bullish bias. Overnight price had a small bearish retracement downwards. However, if this overall bullish momentum continues, expect price to continue bullish and head towards the 1st resistance at 698.50 where the previous high and 2 x 100% Fibonacci lines are located. Alternative scenario: Price may go back down and close below the 1st support line at 680.25 where the 50% and 38.2% Fibonacci lines are located, and head towards the pivot at 661.50, where the previous swing low is located. Fundamentals: There are no major news.
CBOT:ZC1!Long
by Genesiv
Corn Futures ( ZC1!), H4 Potential for Bullish Momentum Title: Corn Futures ( ZC1!), H4 Potential for Bullish Momentum Type: Bullish Momentum Resistance: 698.50 Pivot: 661.20 Support: 680.25 Preferred case: On the H4 chart, we have a bullish bias. Overnight price had a bullish momentum and went above the 1st support line at 680.25 where the 50% and 38.2% Fibonacci lines are located. Expecting price to continue bullish and head towards the 1st resistance at 698.50 where the previous high and 2 x 100% Fibonacci lines are located. Alternative scenario: Price may go back down and close below the 1st support level and head towards the pivot at 661.50, where the previous swing low is located. Fundamentals: There are no major news.
CBOT:ZC1!Long
by Genesiv
Corn Futures ( ZC1!), H4 Potential for Bearish Momentum Title: Corn Futures ( ZC1!), H4 Potential for Bearish Momentum Type: Bearish Momentum Resistance: 680.25 Pivot: 661.20 Support: 654.20 Preferred case: On the H4 chart, we have a bearish bias with price under the Ichimoku cloud which indicates a bearish market, adding confluence to our bias. Price is currently consolidating along the 1st resistance line at 680.25 where the 50% and 38.2% Fibonacci lines are located. Expecting price to continue bearish and head towards the pivot at 661.2 where the previous low, 100% Fibonacci line and 78.6% Fibonacci projection lines are located. Alternative scenario: Price may go back up and close above the 1st resistance level and head towards the 2nd resistance line where the previous swing high is located. Fundamentals: There are no major news.
CBOT:ZC1!Short
by Genesiv
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! ⚪️⚫️ -------------------------------------------------------------------------------- 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! ----------------------------------------------------------
CBOT:ZW1!Short
by TheMarketFlow
1
Corn Futures ( ZC1!), H4 Potential for Bearish Momentum Title: Corn Futures ( ZC1!), H4 Potential for Bearish Momentum Type: Bearish Momentum Resistance: 680.00 Pivot: 661.20 Support: 671.50 Preferred case: On the H4 chart, the overall bias for ZC1!, corn is bearish. To add confluence to this, price is below the Ichimoku cloud which indicates a bearish market. Price has tapped on to the 1st resistance at 680.00 where the 50% and 38.2% Fibonacci lines are located before closing underneath it. Expecting price to continue its bearish momentum towards the support at 671.50, where the 23.6% Fibonacci line is located. Alternative scenario: Price may go back up and close above the 1st resistance level. Fundamentals: There are no major news.
CBOT:ZC1!Long
by Genesiv
COFFEE in correction, may turn long soonHi Everyone!✋🏽 COFFEE is in a long trend accumulating to go on with it. After having taken back by the buyers, the long trigger zone marks the place where one can find a long trade on H4 time frame. ANYWAY, a lot of Qs about the direction of the price. But it doesn't matter. WE JUST REACT! Trade safe! ⚪️⚫️ ---------------------------------------------------------------------------- Thanks for reading my analysis!🤘🏽 Remember that trading is a risky business. SIZE your TRADES according to your risk aversion! Please remember to support the idea with a BOOST or COMMENT with your highly appreciated opinion! ----------------------------------------------------------------------------
ICEUS:KC1!
by TheMarketFlow
SOYBEANS // nice RR aheadHi✋🏽 Within the short trend, we have seen a nice countertrend built by the buyers and the sellers. It seems that this countertrend is turning in the direction of the main short trend. What do you think??? Trade safe! ⚪️⚫️ -------------------------------------------------------------------------------- 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! ----------------------------------------------------------
CBOT:ZS1!Short
by TheMarketFlow
SOYBEANS // short trend may continue after retestHi Everyone!✋🏽 As you probably know, I analyze price action and price went into countertrend on H4, testing the previous D/H4 south breakout with a nice wick. From here after 1-2-3 and through the short trigger zone, chances are high that targets on the chart will be met. If countertrend never brakes all the way through the long trigger zone, I switch to the long side. What do you think??? Trade safe! ⚪️⚫️ ----------------------------------------------------------------------------------------------------------- If you liked my analysis, please remember to support the idea with a BOOST , or COMMENT! ANYWAY, a lot of Qs about the direction of the price. But it doesn't matter. WE JUST REACT! Thanks for reading my analysis!🤘🏽 Remember that trading is a risky business. SIZE your TRADES according to your risk aversion! ----------------------------------------------------------
CBOT:ZS1!Short
by TheMarketFlow
COTTON // sideways after reaching weekly local lowHi✋🏽 Price has reached a weekly low from May '21, and buyers made it go 1-2 from the 1-2-3 wave. We are in the 3rd wave moving up, but price can easily go sideways for some time before breaking out of this zone. The long and the short trigger zone marks the sideways channel. What do you think??? Trade safe! ⚪️⚫️ -------------------------------------------------------------------------------- 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! ----------------------------------------------------------
ICEUS:CT1!
by TheMarketFlow
Wheat, why this last raising?My backtests, September and October are not good months for long swing trading, but Im finding some reason from last WASDE reports *****************September release on wheat – U.S. wheat outlook for supply and use is unchanged this month – Global wheat outlook raises supplies, consumption, exports, and ending stocks this month, as production increases for Russia and Ukraine, more than offset a decline in beginning stocks. Area harvested, yield, and production for Russia will all reach record highs . The Ukraine production forecast is increased as higher yields in the Forest and Forest-Steppe zones ******************October release on wheat ***US*** - The outlook for 2022/23 U.S. wheat this month is for lower supplies , domestic use, exports, and stocks. Supplies are reduced on lower 2022/23 production. Reductions in both harvested area and yield. Production only minimally higher than last year Partially offsetting the production decline are higher projected imports. This would be the lowest U.S. wheat exports since 1971/72 Projected ending stocks are lowered ***WORLD*** The global wheat outlook for 2022/23 wheat is for reduced supplies , consumption, trade, and stocks. reduced production for the United States and Argentina more than offsetting higher EU production although world production remains at a record Global consumption is reduced on lower food, seed, and industrial use more than offsetting higher feed and residual use. World trade is lowered on reduced exports by the United States and Argentina more than offsetting higher EU exports. Projected 2022/23 ending stocks are lowered mostly on a reduction for the United States.
FX:WHEATFLong
by automiamo
1
Corn Futures ( ZC1! ), H4 Potential for Bullish Momentum Title: Corn Futures ( ZC1! ), H4 Potential for Bullish Momentum Type: Bullish Momentum Resistance: 706.50 Pivot: 661.40 Support: 698.50 Preferred case: Corn prices have been rising since September 28, 2022. The price is above the Ichimoku cloud, indicating a bullish market. Price hit and bounced off the second support level at 680.4, which contains the 50%, 38.2%, and 61.8% Fibonacci lines, overnight. Price has now closed above the first support level at 698.50, which contains two 100% Fibonacci lines and one 0% Fibonacci line. If the bullish momentum continues, price may return to the first resistance level at 706.50, where the -27.2% and -20% Fibonacci lines are located. Alternative scenario: Price may revert to the second support level at 680.50. Fundamentals: There are no major news.
CBOT:ZC1!Long
by Genesiv
Coffee long trend continuationHi Everyone!✋🏽 The Monthly zone may stop the price, but the long trend continuation has been formed on the weekly and the daily, so price is heading towards the target zones. ANYWAY, a lot of Qs about the direction of the price. But it doesn't matter. WE JUST REACT! Happy trading! ⚪️⚫️ ---------------------------------------------------------------------------- Thanks for reading my analysis!🤘🏽 Remember that trading is a risky business. SIZE your TRADES according to your risk aversion! ---------------------------------------------------------------------------- Please remember to support the idea with a BOOST or COMMENT with your highly appreciated opinion!
ICEUS:KC1!Long
by TheMarketFlow
SOYBEAN short scenarioHi Everyone!✋🏽 Soybean is technically in a downtrend. The first target that is the last daily low, where the correction of the short impulse wave has started. Can be reached until the validity zone stands the pressure from the buyers. ANYWAY, a lot of Qs about the direction of the price. But it doesn't matter. WE JUST REACT! Trade safe! ⚪️⚫️ ---------------------------------------------------------------------------- Thanks for reading my analysis!🤘🏽 Remember that trading is a risky business. SIZE your TRADES according to your risk aversion! Please remember to support the idea with a BOOST or COMMENT with your highly appreciated opinion! ----------------------------------------------------------------------------
CBOT:ZSX2022Short
by TheMarketFlow