The C wave correction ended at 0.382 fib (yellow) of the previous impulse down. Looking for continuation of down move to 1.272 fib (yellow). Wheat doesn't give much chance to enter, once it drops, it drops quick. So don't miss it.
Just long wheat covered calls for the next 3 years.
EUR/JPY buy @ 1.13000 - TP @ 1.1350 - SL 1.1200
Wheat appears to be nearing the completion of a major ascending wedge that spans 4-5 years. Best way to take advantage of this would be a wide entry with a safe stop once a bottoming pattern appears on the daily/weekly. My guess is we won't see a bottom until late 2016 or maybe early 2017. Martin Armstrong has posted about the global *cooling* (not...
I don't trade wheat and won't be taking this trade. I just want keep an accurate log of this idea. The spreads have stopped dropping and are rising while the front month price has continued to sell off. In addition the price of wheat has been in a steady downtrend with in increased rate downward lately, so may be a climax of selling. Seasonally wheat should...
sell @ 116.70 for 1.1620; stop @ 117.70 To see more ideas, check my blog Or follow on Twitter
sell @ 114.23 for 1.1373; stop @ 115.23 To see more ideas, check my blog Or follow on Twitter
sell @ 1.4521 for 1.4471; stop @ 1.4621 To see more ideas, check my blog Or follow on Twitter
buy @ 0.7260 for 0.7310; stop @ 0.7160 To see more ideas, check my blog Or follow on Twitter
buy @ 1.2332 for 1.2382; stop @ 1.2232 to ceck more my ideas, you can visit my blog
sell @ 1.1396 for 1.1346; stop @ 1.1496 To see more ideas, check my blog
buy @ 1.41300 for 1.4180; stop @ 1.4030 To see more ideas, check my blog
buy @ 125.70 for 12620; stop @ 124.70 To see more ideas, check my blog
sell @ 1.2710 for 1.2660; stop @ 1.2810 To see more ideas, check my blog
sell @ 0.8624 for 0.8574; stop @ 0.8724 To see more ideas, check my blog
sell @ 1.4221 for 1.4171; stop @ 1.4321 more ideas you can find here
intraday buy @ 1.3860 / SL @ 1.3760 / TP @ 1.3910