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Wheat_tradingsetup

Mar 12 22-Wheat Buy? Will it go to ATH?So is it time to buy? Wheat ended going on a tear today - straight up!! Question is .... for all of you who didn't get in on the profits today, do you get in now and go long? Or do you wait for a Sell Signal and go short? Hard to say - I did make some money today going long, but I TP wayyyyy too early. Anyway, now I'm in the same boat as you guys - get in now or wait? Went up 100 points at the evening open - I shoulda put in a Buy Order right away - missed that one too. Thoughts anyone? Heiko
CBOT:ZW1!
by HEIKOTradingSystem
Wheat: extreme levels and it will continueIt doesn't matter its overbought, the price continues rising. The war can create one-time only events in the markets. We've seen the Russian Moscow Exchange closed for more than 1 week, USD/RUB skyrocketing and commodities such as Wheat going up completely out of control. We bought Wheat more than a year ago and we've added more volume as the uptrend continued, but seeing these events, we increased even more volume 2 weeks ago and we will continue to do so as this Ukraine-Russia crisis keeps escalating. In European countries, depends a lot on Wheat from Ukraine, and that was completely halted since the beginning of this war. Also, according to some food producers, they have stock for 2 months tops. They don't have an alternative solution for this. Food prices are going up, and if this war continues, many food produces in the EU will not be able to produce wheat-based food in normal figures. The situation is very critical at this point. Disruption could last half a year at minimum. We hold it and add more volume daily as long as this crisis continues.
CBOT:ZW1!
by alvaromroo
WHEAT - New kid on the blockI've been watching wheat since its big pop in June. I will release a detailed report on the weekend. It seems to me the multi year bear market in wheat is over. The last 2 months' decline after the big June bounce is not abnormal. We have seen similar things in other vehicles. The reason I enter today is the Bollinger Band crash signal. I highlighted by green the previous BB crashes : they always ended up in bounces. Yesterday we had a BB crash and today we started the bounce. As we are bouncing from a multi- month support zone this can turn out to be a bottom... There is still a possibility we tag the 3.9$ zone ( previous DCL) so I'm not going into full position. Have some dry powder if it continues to fall a bit more.
OANDA:WHEATUSDLong
by chartwatchers
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