the ZW1! Preparing to flyIt seems that there's a big probability over 90% that the ZW1! is preparing to fly today. and this probability is verified by the most important and Fundamental line in this chart.
Wheat
Update ONLY - Intermarket Spreads index ETF commodities etc / Hello
Update ONLY - Intermarket Spreads index ETF commodities etc /
I closed my spread SP500 vs DOW30.
Thank you.
Rally in wheat is not done yetWheat futures rallied last week as it was expected. Congrats on your profits! Wheat is one of my favorite instruments. It follows setups very well. Many traders focus on more volatile instruments. But that is wrong. As traders, we have to be focused on a less speculative instrument that gives a better risk/reward ratio. I believe the price will retest recent highs near 570. But this market needs some breath. It is overbought on smaller time frames. However, Wheat is a very tight market. Usually doesn’t give big pullbacks. I continue to look for and take buy signals in this market.
WHEAT FUTURES ANALYSIS FOR THE NEXT WEEK!ZW REACHED A STRONG RESISTANCE, I EXPECT IT TO GO DOWN IN THE NEXT WEEK. YOUR THOUGHTS?
Potential rally in wheatBased on COT reports commercials are long wheat. They are correct 98%. It may take time to form a buy signal. But with that in mind, we look for buy signals - whatever happens first
- break out of daily resistance
- lower high + oversold oscillator
- divergence (I use RSI and OBV)
ZW1! Technical analysisPrice has reached a target zone, so there may be a short term corrective move up to some sweet spots where the daily short trend may resume. Targets are indicated in magenta, short trend is valid until price closes above the green zone on the daily.
WHEAT - new trade alert!New trade displayed by our strategy, very clean trends on Wheat using our strategy so lets see how this plays out with a 1:4 RR based on ATR.
Thanks
Darren
Get Wheaty!Went production domestic is down 20% for the year. Great technicals and fundamentals. As they say its hard to find the needle in the hay stack and feel this one is great risk reward for the gambler! Let me know your thoughts!
Wheat (“Everyone's a knucklehead at one point or another.”)View On WHEAT (20 JUNE 2020)
Expecting every call/trade analysis to be correct? If you do, you might very well belong to the group that believes unicorns are real.
The previous bullish call didn't work out and it is diving lower for now. It may find some footing near $4.7 region with some decent bullish candle.
Alternatively, you can take a look at CORN too.
Let's see
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Wheat Futures have broken out the top of an ascending triangleI expect a retest of the breakout level then bounce, or I just proceed up to the target
