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Agricultural Commodities

Soybeans Future (ZS1!), H1 Bearish DropType: Bearish Drop Resistance : 1679'4 Pivot: 1667'4 Support : 1623'6 Preferred case: With price expected to reverse off the ichimoku resistance and the descending trend line, we see the potential for bearish drop from our Pivot level at 1667'4 in line 50% Fibonacci retracement towards our 1st support level at 1623'6 in line with the horizontal swing low support. Alternative scenario: If price breaks out, it can potentially move towards our 1st resistance level at 1679'4 which is in line with 61.8% Fibonacci retracement and horizontal swing high resistance.
CBOT:ZS1!Short
by Genesiv
Wheat back at Key $1000 levelWheat has been the most volatile commodity since the war started and we have fallen back to $1000 as peace talks improved. Similar to Oil though peace will not fix the supply/demand issues with Ukraine and Russia accounting for 30% of wheat exports. The consolidation period is likely over and if we can get some positive price action more buyers are likely to come back to a very tight supply market. A close below $1000 would hurt bullish sentiment. easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. “Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party."
EASYMARKETS:WHTUSDLong
by easyMarkets
Wheat - 2 long / 2 Short scenarios - Good bread takes timeGeneral Wheat seems to generate a nasty SFP. It took out the recent Swing High and then dropped over 22%. With the monthly close coming soon i could image it going lower before finding support. I marked 4 Scenarios which i would be happy to take either. 1. Long (Blue arrow) Price moves to the red rectangle (area 1), finds support and "generates a swing". Price goes lower before breaking above the generated swing where i would then look on a LTF for an entry. Target: A bit under the range high SL: Depending on the LTF entry i wouldnt want to see it going lower than support Invalidation: Price breaking under area 1 Time duration: Days, weeks, months, years... ;) 2. Long (Orange arrow) Price moves under area 1 but manages to retake it. Enter on retest of area 1. Target: A bit under the range high SL: A bit under area 1 Time duration: Days, weeks, months, years... ;) 1. Short (Red arrow) Price moves under area 1 aswell level 2. Enter on retest of level 2. Target: The next big support level (Also in confluence with the 50% of the lower range. SL: A bit above level 2 Time duration: Days, weeks, months, years... ;) 2. Short (Yellow arrow) Price breaks under area 1. Enter in LTF on retest. Target: The next big support level (Also in confluence with the 50% of the lower range. SL: A bit above area 1 Time duration: Days, weeks, months, years... ;) Good luck
CBOT:ZW1!
by a_tale_of_bulls_and_bears
Soybean futures (ZS1!), H4 Potential for Bullish bounce!Type : Bullish bounce Resistance : 1687'6 Pivot: 1660'4 Support : 1646'6 Preferred case: With price expected to reverse off the stochastics support, we have a bullish bias that price will rise from our pivot at 660'4 in line with the 100% Fibonacci projection to our 1st resistance at 1687'6 in line with the horizontal pullback resistance and 50% Fibonacci retracement. Alternative scenario: Alternatively, price may break our pivot structure and head for 1st support at 1646'6 in line with the horizontal swing low support. Fundamentals: No major news
CBOT:ZS1!Long
by Genesiv
Wheat futures, potential for bounce! | 23rd March 2022Prices are approaching a pivot. We see the potential for a bounce from our buy entry at 1032.19 which is an area of Fibonacci confluences towards our Take Profit at 1105.47 in line with 61.8% Fibonacci retracement. RSI is at levels where bounces previously occurred. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
FX:WHEATFLong
by Rockqet
Should the WHEAT rally worry stock investors?The current war Ukraine has caused Wheat prices to skyrocket in February and March as Ukraine and Russia export 1/3 of world's wheat. Geopolitical unrest always causes commodity prices to rise, which is something I recently looked into in early March: As far as wheat is concerned though, it hit its All Time High (ATH), but hasn't closed the month above it, and voices in the markets have already started calling for food shortages and even civil unrest. Those stem from patterns studied as back in time as the U.S. Civil War, the French Revolution and more recently the Arab Spring. Indeed wheat, which is the primary ingredient in bread, has a long history as a commodity with significant political ramifications when the prices rise and availabilities become scarce. In TradingShot however, we don't yet share these worries as in the stock market era, there is a pattern showing that stocks are most likely safe, unless a certain thing happens. And that is a rally way above Wheat's ATH. Last time it happened was in mid 2007 and as a new top was made in February 2008, the stock market had already began what would end up in a massive correction due to the subprime mortgage defaults, the worst economic crisis in the U.S.A since the Great Depression. In more detail, it appears the S&P500 (black trend-line) and Wheat (blue trend-line) since the 2000 DotCom crisis, follow the same pattern as since 1968. The Wheat peak on Feb 1974, coincided with the big stock market correction of 1973/74. Then the Wheat ATH was tested 2 times (Nov 1980 and April 1996) but never closed a month above it (until as mentioned before 2007). The result was that the stock market (S&P500 as mentioned in our example), enjoyed its best historic bull run from late 1974 to mid 2000 (DotCom Bubble). Of course it wasn't just Wheat that aided to that expansion, but at least this chart shows that until Wheat rallies aggressively and makes monthly closes above its All Time High, we most likely don't have to worry about a stock market crash or other socioeconomic concerns such as famine, civil unrest, revolutions etc that are lately making headlines in the news. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
TVC:SPX
by TradingShot
2
Sugar Futures (SBK2022), H1 Potential Bearish DipType: Bearish Dip Resistance : 19.89 Pivot: 19.63 Support : 19.05 Preferred case: Price is approaching our pivot level of 19.63 in line with 78.6% Fibonacci retracement. We see the potential for a bearish dip towards our 1st support level of 19.05 in line with 50% Fibonacci retracement. Our bearish bias is further supported by the stochastic indicator where price is trading at the resistance level. Alternative scenario: Otherwise, price could potentially rise to the 1st resistance level at 19.89 which is in line with 161.8% Fibonacci extension.. Fundamentals: No major news.
ICEUS:SBK2022Short
by Genesiv
KCK2022 (Coffee Futures) | H1 Bullish PressureType : Bullish Pressure Resistance : 228.10 Pivot: 220.20 Support : 214.00 Preferred Case: Price is near pivot level of 220.20 in line with 50% Fibonacci retracement. Price can potentially rise up to the 1st resistance level at 228.10, in line with 61.8% Fibonacci projection, with a graphical swing high resistance. Our bullish bias is further supported by price trading above the Ichimoku cloud indicator. Alternative scenario: Price might also dip towards the 1st support level of 214.00 in line with 61.8% Fibonacci projection and 78.6%% Fibonacci retracement. Fundamentals: No Major News
ICEUS:KCK2022Long
by Genesiv
Wheatfutures potential for a further dips! 28th March 2022Prices are on bearish momentum and abiding by our descending trendline resistance. We see the potential for further bearish continuation from our sell entry at 1107.77 in line with 38.2% Fibonacci retracement towards our Take profit at 1034.89 which is an area of Fibonacci confluences. Prices are trading below our ichimoku clouds, further supporting our bearish bias. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
FX:WHEATFShort
by Rockqet
Soybean futures (ZS1!), show up Bearish drop!Hello my friends, today I want to talk with you about Soybean futures price retest the sliding parallel with good separation FROM MY ANALYIS I THINK PRICE WILL GO bearish for now the bull scenario seems more logical. So be ready for such scenario. lets see Enjoy the market This is an article, not financial advice, always do your own research. If you have any questions, you can write it in comments below, and I will answer them. And please don't forget to support this idea with your like and comment, thank you.
CBOT:ZS1!Short
by ZAKNOGO
6
Corn Futures (ZC1!), H1 Bullish BounceType : Bullish Bounce Resistance : 756'4 Pivot: 745'2 Support : 738'0 Preferred case: We see the potential for bullish bounce from our Pivot level at 756'4 in line 28.6% Fibonacci retracement and 127.2% Fibonacci extension towards our 1st resistance level at 756'4 in line with 61.8% Fibonacci projection and 50% Fibonacci retracement. Our bullish bias is supported by stochastic indicator where it is at support level. Alternative scenario: If price continues to dip, it can potentially move towards our 1st support level at 738'0 which is in line with 161.8% Fibonacci extension. Fundamentals: No Major News.
CBOT:ZC1!Long
by Genesiv
Soybean futures (ZS1!), H4 Potential for Bearish drop!Type : Bearish drop Resistance : 1759'2 Pivot: 1728'4 Support : 1637'4 Preferred case: With price expected to reverse off the stochastics resistance , we have a bearish bias that price will drop to our 1st support at 1637'4 in line with the horizontal swing low support and 100% Fibonacci projection from our pivot at 1728'4 in line with the 61.8% Fibonacci retracement. Alternative scenario: Alternatively, price may break our pivot structure and head for 1st resistance at 1759'2 in line with the horizontal swing high resistance and 127% Fibonacci extension Fundamentals: No major news
CBOT:ZS1!Short
by Genesiv
Wheat Futures potential for short! | 25th March 2022Prices have recently broken out of our ascending trendline support. We see the potential for a short from our sell entry at 1102.34 in line with 61.8% Fibonacci projection towards our Take Profit at 1095.71 in line with 78.6% Fibonacci Retracement. Ichimoku is supporting our bearish bias. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
FX:WHEATFShort
by Rockqet
Sugar Futures (SBK2022), H1 Potential Bearish ReversalType: Bearish Reversal Resistance : 19.89 Pivot: 19.57 Support : 19.09 Preferred case: Price is approaching our pivot level of 19.57 in line with 138.2% Fibonacci extension and 78.6% Fibonacci retracement. We see the potential for a bearish reversal towards our 1st support level of 19.09 in line with 38.2% Fibonacci retracement. Our bearish bias is further supported by the stochastic indicator where price is trading at the resistance level. Alternative scenario: Otherwise, price could potentially go to the 1st resistance level at 19.89 which is in line with 161.8% Fibonacci extension and 61.8% Fibonacci projection. Fundamentals: No major news.
ICEUS:SBK2022Short
by Genesiv
Soybean futures (ZS1!), H4 Potential for Bearish drop!Type : Bearish drop Resistance : 1759'2 Pivot: 1728'4 Support : 1637'4 Preferred case: With price expected to reverse off the stochastics resistance , we have a bearish bias that price will drop to our 1st support at 1637'4 in line with the horizontal swing low support and 100% Fibonacci projection from our pivot at 1728'4 in line with the 61.8% Fibonacci retracement. Alternative scenario: Alternatively, price may break our pivot structure and head for 1st resistance at 1759'2 in line with the horizontal swing high resistance and 127% Fibonacci extension Fundamentals: No major news
CBOT:ZS1!Short
by Genesiv