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! trade ideas
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
Wheat finds support? Looking at the July Wheat futures ZWN2019 , the price bounced off of support yesterday and experienced some follow through buying for a higher close today. For analysis purposes, I would call this a long play with a target set for the $5.35 price range.
Couple of things I like looking at this chart is the positive trending RSI as well as the solid bounce off of support on the bottom. Overall this chart is trending lower, but I believe there could be short term profit potential on the long side today. A breakout above the 21 day moving average as well as above the 50 day moving average would be beneficial to a long sided trade. Though pressure at the moving average could likely allow bears to take control and push the price toward support.
Based on the intraday close I expect some pull back from potential profit taking. The 3 hour view shows a bearish trend reversal in the bar chart, and I wouldn't be surprised to see the price fall back to the $5.21-5.23 area before making a move higher. An entry in that area would be ideal to maximize trade potential. Looking at a weekly view, if the price continues strength tomorrow and Friday we could be looking at a bullish trend reversal. Will have to monitor to see how the week closes.
Everything stated above is solely my opinion and by no means a recommendation for a trade. I may or may not hold positions in the instruments I analyze.
Lets see where this one goes.
Cheers,
L.R.
Wheat is contracting for a breakout
Wheat is contracting into a symmetrical triangle and is poised for a breakout. Volatility as measured by a 14 day ATR is the lowest it has been since last year February, this is generally a good sign of a market poised for a large move especially when combined with a definitive consolidation pattern like a symmetrical triangle. Which way the break will occur is another matter entirely, wheat prices have generally been trending downwards over the last 7 years and therefore the recent rally in prices could be seen as simply a correction in the overall larger downtrend. However wheat recently put in a higher lower and higher high and formed what could be interpreted as a very ugly inverse head and shoulders pattern. Based on this observation I am leaning towards the conclusions that a base has been formed in price and a longer term uptrend is beginning to establish itself. Despite this a break in either direction of the triangle will be acted upon. Top side breaks should target 561 while downside breaks should target 478. Stops can be placed at 518 and make sure to seek entries with positive risk reward ratios, ideally 2 to 1 or more.
*This is not a recommendation to buy or sell it is for educational purposes only*
