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Agricultural Commodities

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
Corn Futures (ZC1!), H4 Bearish ReversalType : Bearish Reversal Resistance : 782'2 Pivot: 765'0 Support : 730'0 Preferred case: We see the potential for bearish dip from our Pivot level at 765'0 in line 61.8% Fibonacci retracement and 100% Fibonacci projection towards our 1st Support at 730'0 in line with 78.6% Fibonacci projection. Alternative scenario: If price continues to go up, it can potentially move towards our 1st Resistance level at 782'2 which is in line with a graphical swing high resistance. Fundamentals: No Major News.
CBOT:ZC1!Short
by Genesiv
Wheat futures, potential for bounce! | 23rd March 2022Prices are on bullish momentum and abiding to our ascending trendline support. We see the potential for a bounce from our Pivot at 1099.97 in line with 61.8% Fibonacci retracement and 61.8% Fibonacci Projection towards our Take Profit at 1163.13 in line with 61.8% Fibonacci Projection. RSI is forecasting the bullish momentum and also Ichimoku is forecasting the bounce, further supporting our bullish 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:WHEATFLong
by Rockqet
Famine and food shortages. How do we invest? RJA and RJIFamine and Food Shortages are the talk over the last month as Russia invades Ukraine. How are we playing this? Where can people look to hedge inflation and war? Here are two simple methods we take a look at to play commodities and agricultural commodities. RJA and RJI by Jim Rogers we believe will continue to rise due to inflation and war. A little fast recently due to war but we expect more corn, wheat, oil, and safflower oil shortages in the next year or two simply based on this war. These commodities will and some are, being used as weapons at this point. I would ask myself, what's more important? Access to a world financial system that I can work around or food for my citizens? I would go with the latter as those with real "stuff" usually have the upper hand. I am not allowed to advertise other social media on TradingView but I can say there is a longer version and more detail out there. Watch, like, share, comment.
RLong
by DefyingFinance
1
Sugar Futures (SBK2022), H4 Bullish BounceType : Bullish Bounce Resistance : 19.88 Pivot: 19.01 Support : 18.56 Preferred case: Price is near the pivot level of 19.01 in line with 38.2% Fibonacci retracement and overlap support. We expect price to move towards 1st resistance level of 19.88 in line with 61.8% Fibonacci projection, along with a swing high resistance. Our bullish bias is supported by price trading above the Ichimoku cloud indicator. Alternative scenario: Price may break our pivot structure and head for 1st support at 18.56 in line with 61.8% Fibonacci projection. Fundamentals: No Major News.
ICEUS:SBK2022Long
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
Soybean futures (ZS1!), H4 Potential for Bearish drop!Type : Bearish drop Resistance : 1728'4 Pivot: 1691'6 Support : 1637'4 Preferred case: With price expected to reverse off the ichimoku cloud 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 61.8% Fibonacci projection from our pivot at 1691'6 in line with the 50% Fibonacci retracement. Alternative scenario: Alternatively, price may break our pivot structure and head for 1st resistance at 1728'4 in line with the horizontal swing high resistance and 127% Fibonacci extension Fundamentals: No major news.
CBOT:ZS1!Short
by Genesiv
WHEATFUTURES potential for further dips! | 21st March 2022Prices are on bearish momentum. We see the potential for a dip from our sell entry at 1971.42 in line with 23.6% Fibonacci retracement towards our Take Profit at 1031.01 in line with 61.8% Fibonacci Projection. Prices are trading under our ichimoku cloud resistance, 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