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Supply Zone

USDCAD LONG POSSIBILITIES Hi guys, In this analysis I will be covering USDCAD. LEVEL 1.3891 has been acting as a resistance and price has already tapped into it multiple times. Should price begin selling off from this level, The first demand level would be 1.3832 and the one after that would be 1.3804. One other scenario is that price breaks through the immediate resistance with a fake out and taps into supply zone which is 1.3925 then starts selling off. One thing we should consider is Federal fund rate which is going to be publish later today and it will heavily impact the market. so be extremely cautious while taking trades on any of these levels. Be honorable
by AliHassanzadeh
S&P 500 Index. Is it time to short?On the weekly chart, there was a sideways movement from May 2022 to June 2023. It had a breakout with an upward trend (two impulses). The price returned to this sideways range six weeks ago. For the past four weeks, it has been hovering near the upper boundary of the sideways range, unable to close any weekly candles above it. There's a high probability that the price will test the lower boundary of the range at 3636. I made this note a week ago; it's time to update the forecast. On the weekly chart, there are two seller candles on increased volume, which created a seller interest zone with the lower boundary at 4204.3. The most recent weekly candle closed within the historical weekly buyer interest zone with the upper boundary at 4141.8 (historical zones typically don't result in strong reversals). It is possible that the buyer will return from the zone and test the current seller’s zone with the lower border of 4204.3. On the daily chart, the price broke below the lower boundary of the daily sideways range with increased volume. The lower boundary of the daily sideways range coincides with the lower boundary of the current seller interest zone on the weekly timeframe (4204.3), which the buyers haven't yet tested on the daily timeframe. Pay attention to how the sellers closed the daily candle on October 26, 2023. They approached the historical buyer zone and waited for a buyer resurgence. On October 27, 2023, buyers attempted to make a comeback (as seen in the wick of the candle) from this historical weekly zone. However, sellers effortlessly prevailed over buyers on falling volume. There was no buyer at the lower boundary of the daily sideways range, and currently, there is still no buyer. Sales can be sought from the current seller's zone, including protection by the buyer at the level of 4204.3 or from the candle on 26.10.23. The target is 3696.2. The first obstacle for the short position might be the 50% of the latest weekly momentum. As for buying, there's no context for it at the moment. Good luck with your trading! Disclaimer: This case study is for educational purposes only and does not constitute investment advice or recommendations. The trading or investment ideas presented here are for illustrative purposes only and are an integral part of a case study demonstrating the concepts of using volume to analyze or trade within the market scenarios discussed.
OANDA:SPX500USDShort
by AlexeyWolf
MSFT. Forecast especially for my beloved brotherEspecially for my beloved brother, who likes Microsoft (MSFT) stocks. On the weekly chart, we have a sideways pattern. The price has played out vector 10-11 and is currently forming a bearish vector 11-12 within the sideways range. The daily chart also shows a sideways pattern. The bearish vector 9-10 has been technically played out. However, a significant selling zone has formed almost throughout the sideways range, triggered by the candle on 25.10.23, which incidentally had the highest trading volume in the last 3 months. The zone was tested by the candle on 27.10.23, The seller resumed from the zone, as indicated by the candle's wick. The most likely scenario is for the price to break out of the daily sideways range to the downside (lower boundary at 324.39), protect this breakout, and play out the bearish vector of the weekly sideways pattern. Targets for short positions: 309.5 - the lower boundary of the weekly sideways pattern. 295 - the extremum pierced by the candle on April 24, 2023. 275 - the buyer's zone at the lower boundary of the monthly sideways pattern. If a buyer emerges at the lower boundary of the weekly sideways range, targets 2 and 3 may become irrelevant. Good luck with your trading! Disclaimer: This case study is for educational purposes only and does not constitute investment advice or recommendations. The trading or investment ideas presented here are for illustrative purposes only and are an integral part of a case study demonstrating the concepts of using volume to analyze or trade within the market scenarios discussed.
NASDAQ:MSFTShort
by AlexeyWolf
Crude oil. Is it time to buy?On the daily chart, the price is in a sideways range. The short vector 5-6 has been played out. Yesterday's candle broke the test level (84.39) of the daily buyer zone on volume. On the hourly chart, there is a trend. The level of 86.3 serves as support for the short trend. After breaking the daily level of 84.39, accumulation takes place. Since the short vector in the daily range has been played out, it's worth considering long positions to play out the long vector 6-7. Aggressive local purchases can be sought above the level of the daily test at 84.39 if the price exits upwards from the accumulation, stabilizes for an hour above 84.39, and is then protected by the buyer. Systemic local purchases are advisable to look for when the price overcomes the support level of the short trend on the hourly chart (86.3), and then the buyer protects this level. Local sales can be sought from the protection of the seller at 84.39, if during the attack on this level, the buyer cannot absorb the last successful candle of the seller (time: 11-00). Good luck in trading! Disclaimer: This case study is for educational purposes only and does not constitute investment advice or recommendations. The trading or investment ideas presented here are for illustrative purposes only and are an integral part of a case study demonstrating the concepts of using volume to analyze or trade within the market scenarios discussed.
NYMEX:CLZ2023
by AlexeyWolf
S&P 500 Index. There is no buyer nowOn the daily chart, the price is at the lower boundary of the sideways range. Yesterday's trading day favored the buyer with decreasing volume. On the hourly chart, the buyer resumed from the key impulse bar and twice attempted to breach the level of 4259.2 on volume but failed to do so effectively (failed to close an hourly candle above the level). The buyer has not made a strong presence yet. As mentioned earlier, local sales yesterday were observed from the level of 4259.2. For systemic sales, it is advisable to wait for the price to interact with the daily candle of October 19, 2023. Or after a successful breakout of the lower limit of the daily range and the seller defending this breakout. Local purchases can be sought upon the buyer's protection level at the lower boundary of the daily range: 4217.4. Targets are 4259.2, 4269.9. Good luck in trading! Disclaimer: This case study is for educational purposes only and does not constitute investment advice or recommendations. The trading or investment ideas presented here are for illustrative purposes only and are an integral part of a case study demonstrating the concepts of using volume to analyze or trade within the market scenarios discussed.
OANDA:SPX500USD
by AlexeyWolf
S&P 500 Index. Will there be a buyer?On the daily chart, the price interacted with the lower boundary of the sideways range on decreasing volume. The buyer has not yet made a strong presence. On the hourly chart, a buyer's zone has formed at the lower boundary of the sideways range. It is more favorable to seek short positions from the daily candle of October 19, 2023, as previously mentioned. Local sales can also be considered after the seller's protection of 4238.4 or 4259.2. Targets are 4217, 4204, and possibly an update of local lows. One should observe how the price passes through the buyer's zones. Local purchases can be sought upon the resumption of the buyer from the buyer's zone at the lower boundary of the sideways range. Protection level 4217.4 or 4204.3. Targets are 4238.4, 4259.2." Good luck in trading! Disclaimer: This case study is for educational purposes only and does not constitute investment advice or recommendations. The trading or investment ideas presented here are for illustrative purposes only and are an integral part of a case study demonstrating the concepts of using volume to analyze or trade within the market scenarios discussed.
OANDA:SPX500USD
by AlexeyWolf
BTCUSDT. The buyer is currently stronger.The daily candle on October 22, 2023, closed above 29695, making it more favorable to look for long positions at the beginning of the week. As a result, on the daily chart, the price has effectively exited the sideways range. As long as the price on the daily chart remains above the boundary of the range, it is preferable to seek long positions, assuming that the buyer will defend the exit from the sideways range. If the price on the daily chart returns to the range, it becomes more favorable to look for short positions after protecting the upper boundary of the sideways range. On the hourly chart, there is an ongoing long-term trend. Long positions can be considered upon buyer protection of their areas of interest in the last impulse, such as 32500 or 31804. If the buyer shows a new impulse, long positions can be sought from the buyer's areas in the new impulse. Sales are advisable to consider only when the price on the daily chart returns to the sideways range. Good luck in trading! Disclaimer: This case study is for educational purposes only and does not constitute investment advice or recommendations. The trading or investment ideas presented here are for illustrative purposes only and are an integral part of a case study demonstrating the concepts of using volume to analyze or trade within the market scenarios discussed.
by AlexeyWolf
PT 245 - 250. H/S pattern. Buyers weakening on TSLA. Lazy pump.The H/S pattern is a clear indication that buyers are weakening. If you see the day's price action you'll see that we couldn't even reclaim 262 or close at a weekly high. Today, there was bad news and pumped $10 from the bottom. Yes we played calls here today (and a failed $40 lotto put), but that doesn't mean this price action is sustainable. Anyway, "fundamentals" aside, let's look at some price action: Buyers pushed the price up from blue TL. Failed to make a new high. Forming a left shoulder. Buyers went a little higher this time, but failed again. Back down to blue TL. I alerted calls here and shares. Paid nicely! Now, this week, buyers failed to reclaim 262 resistance and enjoyed a fake pump on Friday to close the week. What happens next is either blue TL dip or white TL dip. More likely is a white TL dip because that would be 3rd touch on white TL and 4th touch on blue TL. 4th is usually bearish. 3rd is bullish. I'll buy again on white TL. Hope this is helpful for you. We've been making fire calls all month. Welcome to follow or let me know how this is helping you. NASDAQ:TSLA AMEX:SPY CAPITALCOM:US100 FX:NAS100
NASDAQ:TSLAShort
by kingdips
7
#GBPCAD selling opportunityHello, traders and friends. Let's analyze the GBPCAD chart, where we believe there might be a compelling selling opportunity. In the Daily timeframe, you can see that the price has already broken the market structure to the downside. Since the low formed on September 28th, we've been in what we believe is a bullish corrective phase. Consequently, we are now interested in a selling position. Switching to the 4-hour timeframe, we notice a double top formation that resulted in a lower low, indicating the possibility of bearish continuation, aligning with our higher time frame daily trend. Following this, the price has been moving upwards in a bullish corrective manner, forming a short-term rising channel. Last week, this channel also broke to the downside. In our view, this recent bullish movement resembles a liquidity-taking activity, and we are keen to observe any rejections from the level marked by the arrow on the chart, with the intent to consider selling. Additionally, we have identified several resistance factors within a small zone, including the 4-hour and daily timeframe 200EMA, a supply area in the 4-hour timeframe, and the previous high where many traders have placed their stop-loss orders just above it. This presents an opportunity for banks to potentially extract liquidity. If you have found this analysis helpful, please take a moment to leave a like and a comment or share your idea with me.
Short
by mohemati
5
Inflation SupercycleOn the afternoon of October 3rd, 2023 something unprecedented happened in the U.S. Treasury market. For the first time ever, bear steepening caused the 20-year U.S. Treasury yield and the 2-year U.S. Treasury yield to uninvert. Bear steepening refers to a scenario in which long-duration bond yields rise faster than short-duration bond yields, as bond yields rise across the term structure. In all past instances, inverted yield curves have normalized due to bull steepening . The probability that bear steepening would cause an inverted yield curve to normalize is so low that, until now, most term structure models excluded the possibility of it ever happening. In this post, I'll explain why this anomalous event is a major stagflation warning. The chart above shows that the 10-year Treasury yield has been rising much faster than the 3-month Treasury yield throughout 2023, narrowing the once-deep yield curve inversion. Since a yield curve inversion indicates that a recession is coming, and bear steepening indicates that the market is pricing in higher inflation for the short term, and even more so, for the long term, then bear steepening during a yield curve inversion indicates that high inflation may persist even during the recessionary phase. High inflation during the recessionary period is what defines stagflation . Since very strong bear steepening is normalizing a deeply inverted yield curve, the combination of these events is a warning that severe stagflation is likely coming. High inflation has caused Treasury yields to surge at an astronomical rate of change. Bond prices, which move in the opposite direction as yields, have sharply declined causing destabilizing losses. The effects of these massive bond losses are not even close to being fully realized by the broad economy. The image above shows a bond ETF heatmap with year-to-date returns. Large losses have been mounting across numerous bond ETFs. Long-duration Treasury ETF NASDAQ:TLT has declined by more than 18% this year. Click here to interact with the bond ETF heatmap Despite the extreme pace of monetary tightening, many central banks are still struggling to contain inflation. Inflationary fiscal spending and ballooning debt-to-GDP levels are confounding central bank monetary policy efforts. In Argentina, for example, inflation continues to spiral higher despite the central bank raising interest rates to 133%. The chart above shows that the central bank of Argentina has hiked interest rates to 133%. Despite this extreme interest rate, the country's inflation rate continues to spiral higher. In an inflationary spiral, there is no upper limit to how high interest rates can go. As the Federal Reserve tightens the supply of the U.S. dollar -- the predominant global reserve currency -- all other countries (with less demanded fiat currency) generally must tighten their monetary supply by a greater degree in order to contain inflation. If a country fails to maintain tighter monetary conditions than the Federal Reserve, then the supply of that country's (lesser demanded) fiat currency will grow against the supply of the (greater demanded, and scarcer) U.S. dollar, causing devaluation of the former against the latter. In effect, by controlling the global reserve currency, the Federal Reserve is able to export inflation to other countries. This phenomenon is explained by the Dollar Milkshake Theory . The forex chart above shows FX:USDJPY pushing up against 150 yen to the dollar. The longer the Bank of Japan continues to maintain significantly looser monetary conditions than the Fed, the longer the yen will continue to devalue against the U.S. dollar. The meteoric rise in bond yields is particularly concerning because it has broken the long-term downtrend, signaling the start of a new supercycle. After hitting the zero lower bound in 2020, yields have rebounded and pierced through long-term resistance levels. The chart above shows that the 10-year U.S. Treasury yield broke above long-term resistance, ending the period of declining interest rates that characterized the monetary easing supercycle. We've entered into a new supercycle, one in which lower interest rates over time are a thing of the past. The new supercycle will be characterized by persistently high inflation. It will start off insidiously, with brief periods of disinflation, but over the long term it will accelerate higher and higher, ultimately causing today's fiat currencies to meet the same fate that every fiat currency in history has met: hyperinflation. * * * Important Disclaimer Nothing in this post should be considered financial advice. Trading and investing always involve risks and one should carefully review all such risks before making a trade or investment decision. Do not buy or sell any security based on anything in this post. Please consult with a financial advisor before making any financial decisions. This post is for educational purposes only.
FRED:M2SL
by SpyMasterTrades
46
S&P 500 IndexOn the weekly chart, there was a sideways range from which a trend emerged (two impulses). Price returned to this sideways range five weeks ago, and no weekly candle has managed to close above the range boundary. There is a high probability that the price will test the lower boundary of the range at 3636. On the daily chart, the price is within a sideways range, and after manipulation at the upper boundary of the range at point 2, the price reached the lower boundary. After interacting with the price at 4204.3, it may be possible to assess the presence of buyers. Sales can be considered from the daily candle on 19.10.2023, which serves as protection against exiting the range at the upper boundary of the daily sideways range. For example, when the level at 4278.6 is protected by sellers. Alternatively, sales can be considered after breaking below the lower boundary of the range (4204.3) and protecting the breakdown by sellers. Buying opportunities can be sought after buyers appear and protection occurs at level 4204.3. Good luck in trading! Disclaimer: This case study is for educational purposes only and does not constitute investment advice or recommendations. The trading or investment ideas presented here are for illustrative purposes only and are an integral part of a case study demonstrating the concepts of using volume to analyze or trade within the market scenarios discussed.
OANDA:SPX500USD
by AlexeyWolf
#EURAUD H&S pattern confirmationHello, traders. I hope you all had a great week. Let's take a closer look at the EURAUD chart, which currently appears to be forming a reverse Head and Shoulders pattern. One positive aspect of this chart pattern is that the price has formed it within a strong support zone, including the Daily Bullish trendline and the previous Daily market top, which is now acting as support for the price. You can observe both of these elements when you review the Daily time frame. The presence of a bullish chart pattern around a significant low or support area certainly enhances the likelihood of the formation moving in the expected direction. Now, to execute this trade, I would recommend patiently waiting for a retest of the broken neckline and then targeting the minimum one-to-one price target of the head and shoulders target. However, it might be a good strategy to consider taking partial profits along the way up.
Long
by mohemati
4
#GBPJPY Selling opportunityHello, traders and friends. I hope you are all doing well. Let's delve into GBPJPY and explore why we believe there may be a potential selling opportunity. As you can observe, the price has been in a bearish channel for the past few weeks, consistently reacting near the upper boundary. This pattern suggests the possibility of a repetition, offering another favorable selling opportunity. Apart from the bearish channel's upper boundary, we have additional factors supporting a bearish scenario. These include a supply area and a liquidity pool located just above the horizontal arrow line. Price could potentially move into this area, clear out liquidity, and then trend lower. For us to consider taking this position, we would need to see a fake breakout above the arrow line, followed by a failure of the price to close above it. If you have found this analysis helpful, please take a moment to leave a like and a comment.
Short
by mohemati
2
E-MINI S&P 500. Education. Situation analysisIn keeping with the idea outlined in the linked post, I wrote about the possibility of an aggressive short trade from the 4340.75 defense. Such an opportunity did indeed arise. Explanations for the diagram. After the seller defended the level, the price updated the local minimum, which means it reached the mandatory target for a short trade. Since the deal was considered aggressive, it had no further development. Then the price reached another level of 4351, and from the protection of this level by the seller, a full-fledged short movement began Good luck in trading! Disclaimer: This case study is for educational purposes only and does not constitute investment advice or recommendations. The trading or investment ideas presented here are for illustrative purposes only and are an integral part of a case study demonstrating the concepts of using volume to analyze or trade within the market scenarios discussed.
CME_MINI:ESZ2023
by AlexeyWolf
S&P500 adjusted for Money Suppy is unchanged for 26 years In order to get the decimal point to the right of a number, I had to multiply AMEX:SPY by 1,000,000,000,000 or 1 Trillion. The price of the market is unchanged since January 1997 with the adjustment. That is an incredible 26 years where prices haven't bean 'inflation as measured by the quantity of money' floating around in the banking system. Nominally, our purchasing power if stored in stocks has been maintained over that time period, which is good. BUT, if you think you are wealthier over these last 26 years, it may be because of your ability to pick stocks that do better than the market overall. The Nasdaq likely did far better than the S&P500, for example. 321 months sideways and plenty of deviation around the level we are at now. I have adjusted other charts for inflation to make a point and I wanted to add this one, which is more aggressive, to the bunch. Tim West October 18, 2023. 12:58PM EST
AMEX:SPY
by timwest
11
XAUUSD Possible tradesHi Guys I'm back with Analysis on Gold this time. Last Friday gold touched major supply zone around 1930 and started selling off. It was a perfect opportunity since we had a supply area + trendline, a perfect confluence. Now we could wait for the area to be tested second time and upon reaching there make sure you get the confirmation in lower time frames. Below the current market price we have multiple areas of demand which the immediate one is 1907 that has been tested once on last Friday and this could be the second time. Again make sure you check for the confirmation in lower time frames. Beneath our immediate demand level there are other demand zones which you could take trades should price reach there. Just like always I'll try to keep it simple. Be honorable
OANDA:XAUUSD
by AliHassanzadeh
2
POSSIBLE TRADESHere are possible BTC trades which could be taken. At the extreme point we have an supply area which has been tested once and strong rejection is an indication of major sellers there. next time the price gets there we could take a short for the second run. Below the current market price we have multiple demand levels which could be potential places to go long. Our immediate demand level has been tested many times already and taking a trade upon this level requires more insight which could be evident provided that you check lower time frames. Lower demand levels could also turn into lucrative opportunities to go long. Just make sure you have those areas on your chart and upon reaching act based on your own entry setup. Be Honorable
by AliHassanzadeh
AUD/USD trading journal This will be a full journal we recorded all updates and trades on the AUDUSD pair Trade 1 : The pair is currently approaching a robust support zone, which has historically led to significant price rebounds. We plan to enter a long position as soon as the market reopens. Please be aware that the market is closed at the time of writing this signal. 🔴Signal Current price : 0.62950 ❌SL : 0.61684 ✅ TP1 : 0.65000 ✅TP2 : 0.68100 🖌RISK MANAGEMENT ACCOREDING TO YOUR CAPITAL 0.01 LOT FOR EVERY 2K CAPITAL This is one of our long trades with a big SL and a big TP so please risk mange
Long
by JORDAN-WALLSTREET
4
The jury is still out on the impact of El NiñoWeather has always been a key factor influencing the outlook for major commodities, especially agricultural commodities. The arrival of El Niño in June 2023 has led to a wide divergence in the performance across agricultural commodities. As discussed in our previous blog “What does El Niño’s return mean for commodities?”, the effects of El Niño include specific wind patterns across the Pacific Ocean, heavy rain in South America, and droughts in Australia and parts of Asia including India and Indonesia. This is why certain commodities such as cocoa, sugar, soybean oil and grains tend to depict a price positive environment following an El Niño phenomena. So far in 2023 – cocoa, sugar and cotton have been key beneficiaries of the El Niño weather phenomena whilst wheat, corn and soybeans have posted a weaker performance. How is the El Niño evolving? With the National Oceanic Atmospheric Administration (NOAA) forecasting more than a 95% probability of El Niño continuing through the Northern Hemisphere winter through January - March 2024 , chances are high that we continue to see further weather abnormalities over the coming months. There is now around a 71% chance that this event peaks as a strong El Niño this winter1. The main El Niño monitoring metric showed the average sea surface temperature in the central and eastern equatorial Pacific Ocean—was 1.3˚Celsius (2.3˚Fahrenheit) above the long-term average in August, up from 1˚C in July1. The whole ocean (Pacific, Atlantic, Indian, Artic and Southern Ocean ) was over 1˚C above the 20th-century average in August, the first time that’s happened in the 174-year record2. An important aspect of ocean changes is the sea level height. Presently there is a strong ocean sea level rise in the easterly tropical Pacific, a clear sign that El Niño is active3. The changes in the ocean heat content are mainly due to the expansion and rise of the strong subsurface warm pool. This also causes the sea level height to increase, usually associated with warmer waters. Agricultural commodities price response to El Niño will vary The growing of agricultural products is sensitive to weather patterns. For some crops, El Niño could boost production, while for others it could damage production. This is because the drift in warm water across the Pacific moves’ evaporation and rain such that Southeast Asia and Australia tend to get drier while Peru and Ecuador tend to receive more precipitation. Should the weather event intensify, it could be a significant catalyst for price gains in cocoa, soybean oil, sugar, and grains as discussed in “What does El Niño’s return mean for commodities?” blog. Cocoa and sugar lead the commodity scoreboard in El Niño ’s slipstream Cocoa has been an important beneficiary of the El Niño. The concentration of supply in West Africa, nearly 70% of global supply4, underlines the outsized impact of the region’s weather patterns on the world’s cocoa supplies and prices. The emerging El Niño is likely to hamper the next main crop that begins in October as it tends to bring dry and hot conditions to West Africa. This comes at a time when heavy rains in West Africa have triggered the Cocoa Swollen Shoot Virus Disease (CSSVD) and the spread of Black pod diseases. The diseases alongside the high cost of inputs, have not spared the two leading producers (i.e., Côte d’Ivoire and Ghana) and affected their volume of production5. Despite high cocoa prices, demand evident from cocoa grinding continues to rise in Asia and the US6. Sugar has also benefitted from the emergence of El Niño as lower rainfall in Asia, namely India and Thailand have resulted in lower sugar production. However, we expect further upside for sugar prices to be capped as Brazil (the world’s largest producer and exporter) is likely to fill the gap. Production in Brazil’s main Centre- South (CS) growing region between the start of the crop year in April and mid-August already amounted to 22.7mn tons, which is up 22% over the same period last year7. What’s more, the sugar mix increased to 51.1% in H1 September, up from 50.7% in H2 August signalling that Brazilian mills continue to favour sugar production over ethanol amidst higher sugar prices5. Extreme weather conditions in China have reduced domestic supplies. China is also planning to release 1.3mn tons of sugar from its reserves, to increase domestic supplies and stabilise prices4. Wheat prices stand to benefit as key producers to face the impact of El Niño On the other end of the spectrum, grains (namely wheat, corn and soybeans) continued to struggle as the United States Department of Agriculture (USDA) outlined a more bearish outlook for corn while bullish for wheat. The corn harvest is progressing well with 15% of the crop harvested, up from 11% at the same stage last year and also above the five-year average of 13%8. Moscow’s revocation of the secure grain’s corridor through the Black Sea, alongside the Russian attacks on key infrastructure along the Danube River in Ukraine, have lowered grains exports from Ukraine by 25% over the prior year. Yet wheat prices have fallen sharply this year as Russia’s record crop is enabling it to ship huge volumes to world markets. The Grain Industry Association of Western Australia has likewise reduced its crop forecast for the region by 1.5 million tons to 8.5 million tons. Most of Australia is expected to face warm and dry conditions over the next three months9, so further downward revisions are on the cards. Argentinian farmers are also battling with a drought. The Buenos Aires Grain Exchange has already warned that the crop in 2023/24 could be impaired if there is no rainfall in the near future. As the prospects for the wheat crop amongst major producer countries are becoming increasingly weak, we expect wheat to benefit from these rising tailwinds. Conclusion There has been a wide divergence within the commodity linked Exchange Traded Funds (ETF) flows since the start of the year. Agriculture linked ETFs have seen US$458mn worth of outflows while energy linked commodity ETFs raked in US$1.2Bn worth of inflows10. Agriculture linked commodity ETFs likely faced outflows owing to profit taking. We continue to expect plenty of upside in select agricultural commodities as the impact of the El Niño is likely to intensify over the upcoming winter. This material is prepared by WisdomTree and its affiliates and is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. The opinions expressed are as of the date of production and may change as subsequent conditions vary. The information and opinions contained in this material are derived from proprietary and non-proprietary sources. As such, no warranty of accuracy or reliability is given and no responsibility arising in any other way for errors and omissions (including responsibility to any person by reason of negligence) is accepted by WisdomTree, nor any affiliate, nor any of their officers, employees or agents. Reliance upon information in this material is at the sole discretion of the reader. Past performance is not a reliable indicator of future performance.
ICEUS:CC1!
by aneekaguptaWTE