SUGAR WHITE LONG - Buy Entry - D1 ChartSUGAR WHITE LONG - Buy Entry - D1 Chart
Buy @ Market
Symbol: SUGARWHITE
Timeframe: D1
Type: BUY
Entry Price: Buy @ Market
TP - Resistance @ 563.95
TP - Resistance @ 586.58
Support @ 524.68
Support @ 528.00
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Agricultural Commodities
KCK2022 (Coffee Futures) | H4 Bearish MomentumType : Bearish Momentum
Resistance : 220.95
Pivot: 213.75
Support : 200.60
Preferred Case: Price is near pivot level of 213.75 in line with 161.8% Fibonacci extension and 78.6% Fibonacci retracement. Price can potentially move towards the 1st support level which is graphical swing low support. Our bearish bias is further supported by price trading below the Ichimoku cloud indicator.
Alternative scenario: Price could also head towards the 1st resistance level of 220.95 in line with 61.8% Fibonacci projection and 38.2%% Fibonacci retracement.
Fundamentals: No Major News
Wheatfutures potential for further bearish dip! | 18th MarchPrices are on bearish momentum and abiding by a descending trendline resistance. We see the potential for a dip from our sell entry in line with 1102.31 in line with 61.8% Fibonacci retracement towards our Take Profit at 963.67 in line with 161.8% Fibonacci expansion and 61.8% Fibonacci projection . Technical indicators are showing bearish momentum.
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.
Wheatfutures potential for further bearish dip! | 18th MarchPrices are on bearish momentum and abiding by a descending trendline resistance. We see the potential for a dip from our sell entry in line with 1102.31 in line with 61.8% Fibonacci retracement towards our Take Profit at 963.67 in line with 161.8% Fibonacci expansion and 61.8% Fibonacci projection. Technical indicators are showing bearish momentum.
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.
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.
Sugar Futures (SBK2022), H4 Bearish ContinuationType : Bearish Continuation
Resistance : 18.95
Pivot: 18.34
Support : 17.50
Preferred case: Price is near the pivot level of 18.34 in line with a 100% Fibonacci projection. We expect price to move towards 1st support level of 17.50 in line with a graphical swing low support. Our bearish bias is supported by price trading under Ichimoku cloud indicator.
Alternative scenario: Price may break our pivot structure and head for 1st resistance level at 17.50 in line with 38.2%.
Fundamentals: No major news.
Wheat Futures potential for further bearish momentum! | 17th MarPrices are on bearish momentum and abiding by a descending trendline resistance. We see the potential for a dip from our sell entry in line with 1069.58 in line with 23.6% Fibonacci retracement towards our Take Profit at 963.67 in line with 161.8% Fibonacci expansion and 61.8% Fibonacci projection. Technical indicators are showing bearish momentum.
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.
Soybean futures (ZS1!), H4 Potential for Bullish Bounce!Type : Bullish bounce
Resistance : 1686'0
Pivot: 1667'2
Support : 1658'4
Preferred case: With price expected to bounce off the RSI indicator, we have a bullish bias that price will rise to our 1st resistance at 1686'0 in line with the horizontal swing high resistance and 50% and 78.6% Fibonacci retracement from our pivot at 1667'2 in line with the 23.6% Fibonacci retracement.
Alternative scenario: Alternatively, price may break our pivot structure and head for 1st support at 1658'4 where the 50% Fibonacci retracement is.
Fundamentals: No major news.
KCK2022 (Coffee Futures) | H4 Bullish BounceType : Bullish Bounce
Resistance : 220.75
Pivot: 211.10
Support : 204.70
Preferred Case: Price is near pivot level of 211.10 in line with 127.20% Fibonacci extension and 61.8% Fibonacci projection. Price can potentially move towards the 1st resistance level of 220.75. Our bullish bias is further supported by stochastic indicator as it is at support level.
Alternative scenario: Price could also head towards the 1st support level of 204.70 in line with 78.6% Fibonacci projection and 138.2%% Fibonacci extension .
Fundamentals: No Major News
WHEATFUTURES on bullish momentum! | 16th March 2022Prices are on bullish momentum and abiding to our ascending trendline. We see the potential for a bounce from our buy entry at 1126.86 in line with 23.6% Fibonacci retracement towards our Take Profit at 1192.91 in line with 50% Fibonacci retracement. Prices are trading above our ichimoku cloud support an also RSI is on bullish momentum, further supporting our 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.
Soybean futures (ZS1!), H4 Potential for Bullish Bounce!Type : Bullish bounce
Resistance : 1728'6
Pivot: 1637'2
Support : 1583'2
Preferred case: With price expected to bounce off the horizontal swing low support and the support of the stochastics indicator, we have a bullish bias that price will rise to our 1st resistance at 1728'6 in line with the horizontal swing high resistance and 78.6% Fibonacci retracement from our pivot at 1637'2 in line with the 50% Fibonacci retracement.
Alternative scenario: Alternatively, price may break our pivot structure and head for 1st support at 1583'2 in line with the horizontal swing low support and 78.6% Fibonacci projection.
Fundamentals: No major news.
Position is open CF CF Industries Holdings, Inc. manufactures and sells hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities worldwide. Its principal products include anhydrous ammonia, granular urea, urea ammonium nitrate, and ammonium nitrate products. The company also offers diesel exhaust fluid, urea liquor, nitric acid, and aqua ammonia products; and compound fertilizer products with nitrogen, phosphorus, and potassium.
It primarily serves cooperatives, independent fertilizer distributors, traders, wholesalers, and industrial users. The company was founded in 1946 and is headquartered in Deerfield, Illinois.
Soybean futures (ZS1!), H4 Potential for Bullish Bounce!Type : Bullish bounce
Resistance : 1757'4
Pivot: 1658'6
Support : 1583'2
Preferred case: With price moving above our ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 1757'4 in line with the horizontal swing high resistance from our pivot at 1658'6 in line with the 50% Fibonacci retracement.
Alternative scenario: Alternatively, price may break our pivot structure and head for 1st support at 1583'2 in line with the horizontal swing low support.
Fundamentals: No major news.
Soybean futures (ZS1!), H4 Potential for Bullish Bounce!Type : Bullish bounce
Resistance : 1757'4
Pivot: 1658'6
Support : 1583'2
Preferred case: With price moving above our ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 1757'4 in line with the horizontal swing high resistance from our pivot at 1658'6 in line with the 50% Fibonacci retracement.
Alternative scenario: Alternatively, price may break our pivot structure and head for 1st support at 1583'2 in line with the horizontal swing low support.
Fundamentals: No major news.
Balrampur chini is getting more sweeterBalrampur chini is giving range consolidation breakout.
Can see 550 in coming days
Weak below 450
Seasonal Futures Market Patterns Corn SoybeansSeasonal Futures Market Patterns Corn Soybeans
Hey traders today I wanted to go over the best Seasonal Patterns in the Corn & Soybeans Futures Market. Corn and Soybeans and other grain markets follow an annual reliable seasonal pattern revolving around supply demand planting cycles. Knowing when to find these seasonal market patterns on your charts can really benefit us in our trading of Corn and Soybeans.
Enjoy!
Trade Well,
Clifford
ridethepig | Wheat for the Yearly Close📌 @ridethepig ZW1! Market Commentary 17.12.2020
For buyers the breakout creates the typical starting point, one we have seen many many times before. The fact it is happening on the monthly chart is very telling, this is threatening to impulsive explode to the topside via shortages on the supply side from lockdowns and contractions in globalisation.
Whatever may be the case on the climate side (and I am certainly no expert here) it has been one of the biggest crops on year for Russia. Fertile farming at its best... Tracking closely the 600 support, for a move towards 900 and 1350 ... watch out for any battle against this in the coming weeks as we enter into a commodity cycle.
Thanks as usual for keeping the feedback coming 👍 or 👎
Wheat: Is the bull market over?Hello and Welcome,
We expect wave (3) to end at 1157.6 which at this level wave (3) will equal 3.618 multiply of wave (1).
What you need to know to trade wheat futures in 2022Fears of the impact of Russia-Ukraine war on global inflation and recession have escalated in recent weeks and another major issue looming over the horizon are concerns that the conflict could result in a hunger crisis as both countries account for over a quarter of the world’s wheat exports.
Wheat prices recently surged to a 14-year high, with the price of a bushel of wheat soaring more than 50% to $12.94 on Monday since the Russian invasion of Ukraine began. The price movement on Monday hit the Chicago Board of Trade’s limit for another day.
Reliance on Russia and Ukraine wheat exports
Russia and Ukraine are two of the world’s largest exporters of wheat, accounting for about 30% of the global total. In 2019, Russia was the world’s top wheat exporter, while Ukraine came in fifth next to the US, Canada and France, according to data from the Observatory of Economic Complexity.
The disruption in both countries’ grain harvest and trade could have catastrophic impacts on their biggest buyers in the Middle East including Egypt, which depends on Ukraine’s wheat imports to produce subsidized bread to its poor population and other staples.
These fears intensified on Wednesday after the Ukrainian government said it will ban exports of key agricultural goods like wheat, corn, salt, meat and oilseeds to maintain market stability in Ukraine and “meet the needs of the population in critical food products.
Looming food shortage
Many nations rely on Ukraine and Russia for grain and oilseeds and the crisis could exacerbate the supply of food especially at a time when low-income countries are still reeling from the COVID-19 pandemic.
Some economists have warned that the war could lead to a repeat of the Arab Spring in the past decade when social unrest and armed rebellions led to soaring food prices.
"The fallout from Ukraine will spread across the globe. Russia and Ukraine together export 30% of the world's wheat. As this war heats up, many countries will face: soaring food prices, catastrophic hunger & growing instability,” David Beasley, the head of the United Nations World Food Program said.
Farmers in Russia and Ukraine are tipped to reduce their planting area in the coming seasons as the war intensifies, placing the pressure on other exporters to boost production.
China, India, US work to fill in the gap
Although Russia and Ukraine’s grain trade have not been technically included in sanctions imposed by Western countries, many importers have turned to other sources like China, India and the US to make up for any shortfalls, according to ING Bank, over fears of supply disruptions.
“We would expect to see strong plantings from US farmers over the spring, leaving the potential for an increase in US spring wheat, corn and soybean area,” ING’s head of commodities strategy, Warren Patterson, said in a note on Monday.
Volatility in wheat markets
The lingering crisis in Ukraine has caused wheat prices to be highly volatile in recent weeks as countries work to ensure grain imports to feed their population. The CBOT soft red winter wheat, KC hard red winter wheat and MGEX spring wheat all reached their daily trading limits for another day on Tuesday, while US wheat futures snapped a six-day winning streak the same day.
Investors have been hesitant in making big position moves for the second week in a row last week despite the market volatility, Reuters said.
In the week ended March 1, commodity funds axed only 11,000 futures and options contracts from their CBOT wheat net short, down from estimates, the news outlet reported earlier this week, citing data from the US Commodity Futures Trading Commission.
"Huge speculative interest has flowed into wheat that may have pushed futures past reasonable levels… The export market is difficult to define with many countries banning exports and tenders being canceled,” CHS Hedging was quoted by Bloomberg News as saying.
10 year Corn Projection (potentially) 10yr Corn outlook: 1 thought (of many I have) on the potential course of the corn market for the next 10 years. I feel the job of the market is to find a price high enough to ration future demand. Could be 7.80, maybe 8.50, or even 9.50. The potential is there for any of those numbers to mark a major swing high for Corn. The higher that mark is nearby, the more corn rations future demand. The low found after a major high is made could mark an area for the future multi year market structure. The market should remain very sensitive for another few years. Sensitive to world demand and production misses across the globe. There are many climate cycles coming ahead that are all supportive to potential Ag production shortages. **Not a prediction, something to watch**
At some point we return to a tighter, more defined market structure working low prices against the long term uptrend line… 4.50-5.25 ???
Mar 8, 22 Wheat Profitable TradeWheat came back up on a tear so I decided to Take Profit at 1315 from 1250 for some nice profit.
My plan now is to wait for wheat to fall back some overnight and buy again either late tonight or tomorrow and ride price up again.
Congrats to all who followed this trade - enjoy your Profits!!
Stay safe.
Heiko
WHEAT SHORTS 📉📉📉📉 Expecting bearish price action on WHEAT as price should retrace back to fill the BULLISH GAP'S, we are in a bullish market strucutre on a HTF but right now i expect the retracement
What do you think? Comment below..
2022 RECESSION (Wheat Price Shock)The price of Wheat is going parabolic and most of you are wondering, does this spell a recession?
Historically, almost every time wheat prices spiked; a recession soon followed.
In the early 1970's when wheat prices peaked, the markets pulled back 41% in about a year.
Then, in the early 1980's, we saw the market pull back 23% in about 600 days.
Interestingly enough, in 1996 when wheat prices soared, there was no recession.
Lastly, in 2008, we see the market pull back 44% in about a year.
For the record, a recession usually follows a wheat price shock but not every time like the one we saw in 1996.
Now the question is will this time be different or WORSE because we a shock in the oil markets, wheat markets, and we have an ongoing war between Russia and Ukraine.
Let me know in the comments below what you think. And if you liked this post, make sure you subscribe for more.
Thank you!
