WHEATUSD where will it go next?This is just an idea I'm considering for Wheat.
Comments welcomed.
Note: The above is not a trading suggestion, just sharing my thoughts with the intent of becoming better on trading commodities mainly.
Wheat
Update WHEAT : le blé est a acheté signal impulsion après un trading range : début d 'une tendance haussière
Rally in Wheat will continue. Possible entriesYou know I am a big fan of commodities and especially tight markets like wheat, live cattle, etc. These instruments are less manipulated and less speculative. Usually, they follow their setups very well. Getting above Friday’s high is potential swing entry. We have a triangular formation on the daily chart. Sometimes price makes false breakdown before the rally. So, it is another potential entry, if that happens. Wheat has a strong seasonal tendency to rally till September.
According to my experience. I expect a risebuy order
I am not using take profit. And stop loss
If you want to exit the deal. right on time. you can call me.
I welcome everyone
update onlyupdate only
the new way of trading
putting buy orders above and below trade price in sp50
putting sell order above and below trade price in dow
Wheat market is now at the weakest stage. Time to short.We are long the PUT options since 535 - we wanted to limit our risk. Now it is safe to short the futures, as the market is very weak technically and fundamentally. Sell on a CLOSE below 492.25, stop loss on a CLOSE above 507. 435 is the price target.
I have been travelling around the wheat region in Russia last week - observing the crops, talking to farmers. Planted area this year is very large and most of the crops survived and are looking healthy. Weather conditions are excellent. Prices as low as 416 and 381 could be reached if we see our preliminary target reached before August 31.
*Please remember that futures trading involves a substantial risk of loss and is not suitable for all investors.
Wheat on the side while riding goldHey, I've been looking at grains a bit and I think wheat could be going down.
On a pullback there is a good r to r.
It is on a global downtrend and it convincingly broke to new lows on the lower TF.
It sort of always goes down around this period
Global trade & weather have a big impact I guess.
Here you can see the past weather: www.timeanddate.com
Here are averages: www.holiday-weather.com
Chicago is in the averages. Most places are below, France has had a freezing summer brrr.
The weather data is obviously run by climate deniers.
The CME website: www.cmegroup.com
The biggest producers of wheat are the same old same old... China USA India Europe South-South-America. And to a lesser extent pretty much everywhere except Africa.
Some of the top biggest exporters are Russia Canada the USA France Argentina Ukraine...
Argentina I think is the biggest net exporter there is in % of what they produce. India is self sufficient, China is barely I think.
I could list all the net exporters but it's easy to remember. It's the white countries.
Basically the most important weathers I think are NA & Europe.
And China news/catastrophic crop ==> boom.
Probably will trend down, hopefully without too much choppy pullbacks.
Would be nice to look at something other than gold here and there.
US Wheat futures ( ZW1!) - Stay Long - Simple zigzag patternUS Wheat futures ( ZW1!) is in ABC zigzag in 4 hr chart from last major low as shown on the chart. It has completed impulse wave A and B wave as complex wxy correction, where w and y both are zigzag in nature. B wave is now over. So C wave will be the next big up move expected, which is an easy swing trade as per Elliott wave set up.
Wait for confirmatory impulse in 10 min time frame for reference and deciding stops loss as low to get in to trade for C wave. Once you get in to trade then stay in to trade till the price crosses the high of wave A.
ZW NOW
ANGLAIS :
Hello wheat is now in oblique resistance and in fierce descent, but if it breaks the blue resistance, the wheat will return to its original price and rise more and more
FRANÇAIS :
Bonjour le blé est maintenant en résistance oblique et en descente féroce, mais s'il casse la résistance bleue, le blé reviendra à son prix d'origine et augmentera de plus en plus
Intermarket Spreads index ETF commodities etc / Hello
Update ONLY - Intermarket Spreads index ETF commodities etc /
I Believe the sp vs DOW spread is the most profitbale for me at the moment. I will stick with it.
Intermarket Spreads index ETF commodities etc /
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.
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?
