ZW1! trade ideas
GRAIN SPREADS; Kansas Wheat - CBOT W - 2x Corn; Weekly long termCBOT:KE1! CBOT:ZW1! CBOT:ZC1! CBOT:ZS1!
KE (Kansas City) Wheat - CBOT (World) Wheat
These tend to be extremely reliable signals, indicating long term trends / changes, as Wheat itself has a relatively long (~7 year) cycle. (Wheat growing regions spreading from (north) pole to (south) pole.)
Wheat prices to rise!I bought some contracts last week, which already turned out pretty well. With the help of the great monetary policy, wheat prices will probably explode up somewhere in the future, and this seems like the right time to enter long positions, even though it's a little early, based on my fundamental expectations. It could be years before we see that real rise in prices. So I will probably be looking to raise my stop to b/e as soon as possible.
Soybean & Wheat Forecast // Pronóstico para Soya y Trigo**No Advertising nor financial advisor**
Soybean and Wheat Forecast using Elliott Wave Theory.
Potential 4:1 riskReward until 21st of december.
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Trigo y Soya pronosticados gracias a la teoría de Olas de Elliott.
Potencial de 4 a 1 en Riesgo/Ganancia hasta antes del 21 de diciembre 2020
Socialist Oil Countries are going to starveThe price is dropping very rapidly, as I want it too. So I better make this quick.
Demand is up because of humans but also animals, production not great.
"A wet winter and dry spring in the UK is set to yield its smallest crop since 1981, Carr’s Flour said in its monthly market report."
I watch some agricultors on youtube, west europeans barely make money if they are not industrials, and 1 guy had a poor harvest that caused him to be in the red for the year.
The European Commission came up with a decline of surplus exports of 5.7% for the EU + UA + RU.
Argentina had low yields because of poor rainfall.
The USA also had a bad harvest, and their stocks are almost empty last I checked.
Socialist Oil country must be panicking, maybe they make some orders before the price gets even higher, for example Algeria is emptying its forex reserves that have been on a decline for 20 years already, the Oil prices are really finishing them off. Only a few years to "this was not real socialism".
Could go higher and then even higher. Could be a monster. If I get filed. Got maybe a bit greedy with the far away entry and tight stop I can't help it.
The price is bouncing but maybe the next candle fills me doing something like this here:
Let's profit off starving socialists! There is no better feeling.
