ZW1! trade ideas
Wheat to rally to 600?Wheat found a bottom and has been trending up, If it could get past the report on monday or better yet rally on it, we could safely call a significant bottom in place. If you're not long from lower, it's probably better to stay on the sidelines until after Monday's report
Bullish outlook on wheatThe weather market is probably not over yet so I am predicting about 6$ wheat by the end of summer/harvest.
ZW1! plan for 18.07.2019Wheat plan 16.07.2019 is active.
Looks like price want to go below 500 point.
Main move I expect up.
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ZW1!want to long until top of range but short term targets are purple boxes and long/exit bottom triangle ofc
ZW1! - What to expect on 4HR - WHEAT FUTURESPossible trend reversal coming up, needs a few closes below the line marked w/ text. Simple trade guys. If it closes below let it fall, get short on the pull back OR vice versa. No trade yet, just waiting for a directional signal. Gut says short it though. NOT FINANCIAL ADVICE, TRADE SAFE!
more drop for the WHEATwheat formed an impulsive wave to the downside , we expect more movement to the downside for finishing wave four and five
Wheat May price expectations Price of wheat tends to go up in the month of May as it’s been the case for last 4 years, so I expect it to go up again this year.
Multiyear baseline in sight. Rebound should be dueMultiyear baseline in sight. Rebound should be due
Inverted Scallop Brings A Price Target Of 5091-5106 PotentialThis is a repost of the chart with the correct calculation on the chart "C."
The textbook rule for a buy signal is when price closes above the high at "B"
Inverted Ascending Scallop Pattern Is BullishThe pattern is bullish for Wheat up to 5106 measured potential.
ZW1! Long Idea- OpinionHi there ! This is a recent analysis for ZW1! that focus on long positions. As you see at the weekly chart the price after a short breakout tend to rebounce to the median of the bollinger bands , this long swing signal it is also confirmed from ADX and RSI also tend to give a solid buy signal after the recent oversold levels. The opinion here is that ZW1! is going to reach the price level of 490$. As we enter the mid spring season prices tend to go higher through crops all over the world and especially in the summer season.
**This is not an investment advice , it is only for educational purpose**
Invest with safety.
WHEAT BOTTOM IS INThere's a reason it bounced 5%+ off the lows today. Running flat correction completed. Look for a flag on hourly timeframe to buy the breakout of. Keep leverage down and think long-term.
Potential big downward move for wheat ?Wheat created some sort of triangle and I think it will break downside because: a) we are under huge ressistence b) point of control is at 431 c) seasonality - price of wheat historically goes down from January to June.
Wheat getting creamedSeeing a definitive break DOWN in the price of wheat futures. We need to see an immediate continuation in the upcoming week to get properly short. Also watching other AG futures like corn and soybeans for perspective.
LONG WHEATGoing long wheat on a great dip, wheat seems to have found a bottom from the downward move of the past couple days/weeks. Easy stop loss and decent reward
