Wheat 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...
ZW REACHED A STRONG RESISTANCE, I EXPECT IT TO GO DOWN IN THE NEXT WEEK. YOUR THOUGHTS?
Hello everyone the weekly graph of this market shows the upward trend in the next week but you have to wait for the breakout at 536.83 to buy and be sure of gains also we must be vigilant of the change in the direction of the market please subscribe for more details
Based 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)
The market did exactly what we expected yesterday, as we see the strong down trend resistence push it to DOWN. Just take profits, have a good week end ! See you on Monday !
In my opinion, and due to my technical analysis I see an upcoming strong sell from this point
Most bullish commercials have been in 20 years, im loading up my entire boat with wheat futures
The WHEATUSD, symbol ZW, is in a rally within a Bear Market with price trading above the 50 week ema and the 200 ema, but below the 800 week ema. The the long term emas are mostly flat, signaling accumulation / distribution. The price action appears to be finishing up the e-wave of a b-wave which should resolve in a c-wave down into late Spring. There is a...
Not more than %1 risk on capital, idea is not so brilliant but wort to try. Guys I am sorry I do not enter detail on how I chosee my positions but I can not give detail. I can just say it is systematic and based on COT and Technical analysis together with aware of my emotions (let's say three leg table). There are many different type of COT analysis I know but...
I think there's a significant probability that the bottom of the recent correction in Wheat is in. I'm holding longs and now added my final entry a tad lower than this. I expect a rally back over the recent highs very soon. The crops this year suffered due to a significant drought in the regions where wheat is produced in the US. I think it is likely that this...
I see a weekly break out of a wedge pattern and above Ichimoku clouds for the wheat and expect the 2nd half of 2017 to be very bullish...like a spring being pressured to the max and now being released....Price has started making higher highs and higher lows on a weekly basis.
Short PUT on SoyBean due to seasonal aspects and extreme long positioning of commercial traders, highly raised volatility in the last days
Volatility has risen in the last days Commercial Traders are going extremely long since a few weeks no distribution in the last weeks