Could Sugar start an Uptrend? I think soCommodities are known for their easy to follow trends and Sugar here might be starting a long trend.
Agricultural Commodities
MORE UPSIDE ON WHEAT, INTRA-DAY - ELLIOTT WAVE A five-wave rally on wheat (March 2022) from 737 lvl. on the intra-day chart makes a bullish sign, and suggests more upside, once current a-b-c correction fully unfolds. Correction can be a complex one, and can look for support at the 770/761 region, where wave iv and Fib. ratio of 0.618 sit.
Optimal Short Entry For Cotton FuturesRisk/Reward here is insane. Optimal long-term short entry. This is the third time cotton has been at this level in 50 years. Use good risk management unless an anomaly occurs like it did in the 2011 spike. Don't risk more than 1 to 2 percent of your total account size.
1/23/22 CFCF Industries Holdings, Inc. ( NYSE:CF )
Sector: Process Industries (Chemicals: Agricultural)
Market Capitalization: 14.155B
Current Price: $66.00
Breakout price: $70.00
Buy Zone (Top/Bottom Range): $66.00-$61.50
Price Target: $78.90-$80.00
Estimated Duration to Target: 80-88d
Contract of Interest: $CF 5/20/22 70c
Trade price as of publish date: $4.95/contract
1/23/22 NTRNutrien Ltd. ( NYSE:NTR )
Sector: Process Industries (Chemical Agricultural)
Market Capitalization: 40.677B
Current Price: $70.82
Breakout price: $72.25
Buy Zone (Top/Bottom Range): $70.50-$67.25
Price Target: $79.25-$80.50
Estimated Duration to Target: 114-120d
Contract of Interest: $NTR 6/17/22 75c
Trade price as of publish date: $4.40/contract
Corn Looks Poised To FlyThis CORN Etf is showing signs of accumulation. It will likely continue higher for some time.
Sugar : BullishSugar futures reacted off to a bullish rejection block on Weekly, creating a breaker+ on Daily. It'll be interesting to see how this plays out in next few weeks. Target is the liquidity up top of the range.
WHEAT, closed in Stop ProfitAfter 3 months we close our positions on wheat.
The price pulled back 25 points, leading our positions to hit the Stop Profit we had set at 769.80 to save profits, and it did.
Very good are those who have deducted part of the contracts on 50%, others on 38.2% letting the remaining part of the contracts run, very well indeed.
Now let's let the WHEAT go where it wants to go, we are far from any signal of the MCS, in February we will be in A1 of the annual and we will then evaluate any possible trade.
JO Fibonacci SetupThis speed resistance fan has been very well respected. If price doesn't make a higher high, I would expect a re-test of previous resistance at $58 which is also .5 fib retracement, a fresh daily level, and an old weekly level. Would potentially trade up to 1:1 extension.
Wheat (The FED can't print FOOD)View On WHEAT (12 Jan 2022)
FED and Central Banks can print unlimited amount of liquidity but not food.
We are expecting 2022 will be the inflationary year.
Food prices are going to go up. Still on the buy side.
DYODD, all the best and read the disclaimer too.
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$KE1! Wheat OVER $9 in March? Potential for $10?Hi Folks,
Wheat has entered a bull run with a 50/200 ema golden cross as well as a 100/200 ema bullish cross for the first time since 2010! The prior run was from 2010 to 2016. Bearish from 2016 until late 2020 where we first see some bullish crossings. These stages tend to last anywhere between 4-6 years so we should see some continuation.
As far as the technical movement goes, we can tell that wheat likes to flag into the 21-day ema and sometimes into the 50-day ema before continuing. Yesterday, price fell below the 21-day ema and today it reclaimed immediately; this is exactly what we wish to see in healthy upward movements.
Needless to say, at this point you can tell I am bullish on wheat (and commodities in general) for the foreseeable future. What say you?
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COFFEE WK1: 100% Gains SWING setup BUY/HOLD(NEW)(SL/TP)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: COFFEE WK2 chart review
::: chart is LOG SCALE
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::: 100% gains final TP BULLS
::: global inflation driving prices
::: also global warming heavy impact
::: cycle high for the market is near
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::: BUY ANY DIPS / final TP bulls is 460 USD
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Soybean: looking for more upside to complete wave iii of (iii)Hello and welcome,
in this video, I explain my outlook in soybean
$SBUX Target 101.16$SBUX Target 101.16
So this target hasn’t changed… still 101.
I currently am selling at both target 1 & 2, and if we get a good sell off I’ll be looking to target 3 as well… (75/June expiry)
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I usually trade both ways, but lately I’ve been focusing more to the downside because of how high the market is. It makes more sense to sell puts right now, and I’m usually at Target 2.
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I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence.
I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news.
Very often you have to look at my charts from the perspective of where I’m looking to sell puts. But I also do open positions still once in a while.
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can.
Have fun, y’all!!
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Sugar Stocks in NSE in rallyMainly goverment initiatives in NSE market gives a boost for Sugar sectors.
Here what i see is in the 7D chart when there is a long trend started it goes for several candles (history)
As i now see there is a blue (long candle ) this trend will continue . We may aim for 30+ in few days.
Soybean Looks tasty for a 100% gain this year!Big noticeable increase of volume and momentum showing retail/traders are coming in after noticing that we going up,
Looks as wave 3 has therefore definitely started! ...and we can project the wave 3 TP @29 using the previous wave 1.
ZC corn futures ,short pullbackZC corn futures, GO short for tomorrow we have an interesting probability for sell
HogsContinuous Hogs- Weekly: Currently plotting against the February contract. Uptrend lines off swing lows, and downtrend lines off swing highs. Creates areas to watch for action and reaction points. The Red uptrend line off the Covid Crash low is trying to maintain the overall strength in Lean Hogs. A firm break below could find support at any of the dashed downtrend lines…
Upside into the first half of 2022 show multiple areas competing with last years strength
November22 SoybeansNovember22 Soybeans – Weekly: A break above the down trend line is encouraging, but Nov22 beans still remain in consolidation (for Now). Previous years High to Low retracements should encourage some initial sales from 12.50 to 13.10.
Initial Upside potential with Primary target up to 14.14, Downside risk below 11.00….
May be good to look at Short Dated Puts and calls to get us through the first 6 months…
Big Picture Market structure for SoybeansCurrent Market Structure: **(Like Corn) Sensitive, with extreme bandwidth** The current Domestic and World Supply & Demand numbers paired with recent inflationary threats support a price base range (IMO) from 10.00 to 12.00. Currently risk has been to the upside and inflationary threats elevated, keeping beans elevated as well. There are to many variables that affect the fundamental picture, expect volatile markets untill the Market structure becomes more defineable.
Resistance area from 12.75 to 14.00 and then 16.00 area. **12.75 to 14.00 is an area that some pricing and protection should be encouraged
Support area is 11.80 to 11.40. Further Risk is 10.00 – 9.00.
Continuous CornCorn – Weekly Cont: Price action last week hit 3 major areas of resistance. (Downtrend line, Cloud resistance, and 50% retracement)
Targets above at 6.44 and 6.84. Primary target at 7.08 and then last year’s high at 7.35
Lower retracement targets (not shown) at 5.89, 5.71, 5.57, and 5.43. Risk is 5.20
Big Picture look at Corn Market structureCurrent Market Structure: **Sensitive, with extreme bandwidth** (IMO) The current Domestic and World; Supply & Demand numbers,paired with recent inflationary threats support a price base range from 4.75 to 5.15. There are to many variables that could change the fundamental picture and that is what this chart and the extreme bandidth is trying to tell us. 2014-2020 that was a 3.75 base. If the Market went to far above or below 3.75, eventually it came back to it.
Resistance above the 5.75 area at 6.50 - 7.35. **5.75+ is an area that some pricing and protection should be encouraged
Major Support is the 5.15 to 4.75 area. **Many 22’ break evens are coming in at this range. Eventually price will return to this area.
Risk is 4.00-3.80 range with further extreme risk at 3.00. We traded a 6 year range from 3.00 to 4.50, someday there could still be a pull back to that area
**This is a continuous front month chart, new crop (currently Dec 22’) targets should be considered when front month futures hit target areas…
Soybeans' uptrend back on track After a 6-month correction, the uptrend resumes with strength and it will retest the 28.8 level again. We are long and we expect a break out on this level as inflation is driving commodity prices higher. Moreover, soybean harvests are expected to be smaller in southern Brazil this season as fields suffer from dryness, which could drive the prices up as well.
