Options Blueprint Series [Basic]: H&S amid Surging Wheat Supply1. Introduction: Bearish Opportunity in Wheat amid Rising Supply
With the U.S. Grain Stocks Wheat (USGSW) report showing a notable rise in wheat stock levels, a bearish scenario is unfolding for wheat futures. This increase in supply, which could drive prices downward, aligns with a technical set
Contract highlights
Wheat FuturesThere are a few potential bearish momentum indicators present in the chart that suggest the price of Wheat Futures may continue to decline.
The price of Wheat Futures dipped below its middle moving average. This could indicate bearish momentum, especially if the price stays below this line.
Hig
Wheat Futures Are at a Crossroads – Here’s What I’m SeeingAlright, here’s where things stand with wheat futures, and this one feels like it’s balancing on a knife’s edge. We’re sitting right around 571, and honestly, the chart could break either way. Moments like these can be exciting, but they’re also where preparation makes all the difference—whether you
ZW - Long (Key Zone Test)We identify a potential long entry opportunity after a key support test. The entry level is set at a support zone that has been tested multiple times, proving to be a key reaction point. The stop loss is placed just below the support to limit risk in case of a bearish breakdown, while the take profi
Daily ZW analysisDaily ZW analysis
Sell trade with target and stop loss as shown in the chart
The trend is down and we may see more drop in the coming period in the medium term
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Momentum Shifting in WheatWheat
Technicals (December)
The 20-day moving average was the theme for many markets on Friday, and wheat was not exempt. The market staged an impressive rally to close out the month, but there are still technical headwinds for the market. The key price pocket to keep an eye on to start this wee
Can We Unravel the Mysteries of Wheat Market Stability?In an era of interconnectedness and unprecedented challenges, the global wheat market stands as a critical linchpin of food security. Its intricate interplay of supply, demand, and geopolitical factors has profound implications for the world's ability to feed itself.
The wheat market, a cornerstone
Wheat $ZWWheat is coming into its 1HR fib, and the 2EMA cross is still bullish. Can we get one more push to new highs?
Is Wheat Climbing the Wall of Worry?Wheat
Technicals (September)
Wheat futures traded lower in yesterday's trade after failing against the previous day's high. That failure snapped a five-day winning streak but wasn't enough to do change much more on the technical landscape. Those high prints from the prior two sessions will act
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Displays a symbol's price movements over previous years to identify recurring trends.
A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Frequently Asked Questions
The nearest expiration date for Wheat Futures (Sep 2024) is Sep 13, 2024.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell Wheat Futures (Sep 2024) before Sep 13, 2024.