WHEAT, FLAT.WHEAT, FLAT.
In the last two weeks the dreams of an imminent departure of the grain have broken,
But not everything is lost; now we have reached the lower part of the weekly channel, so the flat position is obligatory, we are seeing, and we enter long with an
hourly close over the 507.50 or short with a hourly close under 491.51
WHEAT ZWU17 - Sep '17
FLAT from 19/07/17 since 504,00
LONG over 507.50
Stop LONG if daily close <511,49
SHORT Under 491.51
Stop SHORT if daily close > 487.52
WHEAT ZWU17 - Sep '17
CROC X1 - Supports / Resistances - Multiday (TF - 1H)
R3 = 559.6
R2 = 559.20
R1 = 508.20
PIVOT = 496.20
S1 = 484.20
S2 = 481.60
S3 = 480.80
CROC X3 - Last Signal (Long Term - TF 1D)
LONG from 470.40
Since 27/06/17
ZW1! trade ideas
WHEAT, the downturn in the last few days should be overWHEAT, the downturn in the last few days should be over
with the support of S1 at 508.2
Now I expect a bounce up to the pivot at 531.70,
then in case of breakage it should continue in area 555.20
otherwise it will consolidate the ascending channel in zone 525
WHEAT ZWU17 - Sep '17
CROC X1 - Supports / Resistances - Multiday (TF - 1H)
R3 = 568.2
R2 = 567.60
R1 = 555.20
PIVOT = 531.70
S1 = 508.20
S2 = 484.20
S3 = 481.60
CROC X3 - Last Signal (Long Term - TF 1D)
LONG from 470.40
From 27/06/2017
WHEAT, the downturn in the last few days should be overWHEAT, the downturn in the last few days should be over
with the support of S1 at 508.2
Now I expect a bounce up to the pivot at 531.70,
then in case of breakage it should continue in area 555.20
otherwise it will consolidate the ascending channel in zone 525
WHEAT ZWU17 - Sep '17
CROC X1 - Supports / Resistances - Multiday (TF - 1H)
R3 = 568.2
R2 = 567.60
R1 = 555.20
PIVOT = 531.70
S1 = 508.20
S2 = 484.20
S3 = 481.60
CROC X3 - Last Signal (Long Term - TF 1D)
LONG from 470.40
From 27/06/2017
WHEAT tested the pivot, now it goes long for the 555
WHEAT tested the pivot, now it goes long for the 555
WHEAT ZWU17 - Sep '17
CROC X1 - Supports / Resistors - Multiday (TF - 1H)
R3 = 568.2
R2 = 567.60
R1 = 555.20
PIVOT = 531.70
S1 = 508.20
S2 = 484.20
S3 = 481.60
CROC X3 - Last Signal (Long Term - TF 1D)
LONG from 470.40
From 2/06/2017
WHEAT tested the pivot, now it goes long for the 555
WHEAT tested the pivot, now it goes long for the 555
WHEAT ZWU17 - Sep '17
CROC X1 - Supports / Resistors - Multiday (TF - 1H)
R3 = 568.2
R2 = 567.60
R1 = 555.20
PIVOT = 531.70
S1 = 508.20
S2 = 484.20
S3 = 481.60
CROC X3 - Last Signal (Long Term - TF 1D)
LONG from 470.40
From 2/06/2017
WHEAT, the rally continues
Beautiful session yesterdayon the wheat market, it tested the support in zone 508 and then
there was a wave of buyers that made it reach to the top of the multiday channel.
Now in the upcoming sessions I expect a bit of leakness due to the over-buy
and I think it will lead to consolidation of zone 520.
Then you should start off with the pivot attack and the first resistance in zone 555
I would palace the stop in zone 508
WHEAT ZWU17 - Sep '17
CROC X1 - Supports / Resistance - Multiday (TF - 1H)
R3 = 559.2
R2 = 558.20
R1 = 555.20
PIVOT = 531.70
S1 = 508.20
S2 = 484.20
S3 = 481.60
CROC X3 - Last Signal (Long Term - TF 1D)
LONG from 470.40
From 27/06/2017
WHEAT the rally continues The support at 508 is holding, i think now they try to test the pivot in area 532
WHEAT ZWU17 - Sep '17
CROC X1 - Supports / Resistances - Multiday (TF - 1H)
R3 = 559.2
R2 = 558.20
R1 = 555.20
PIVOT = 531.70
S1 = 508.20
S2 = 484.20
S3 = 481.60
CROC X3 - Last Signal (Long Term - TF 1D)
LONG from 470.40
from 27/06/2017
Start of a new long term bullish trend
Weekly:
- Massive bullish Kumo breakout with strong momentum, confirming the break of the 4 years bearish trend.
- irst weekly resistance and first bullish target is at 600
Daily:
- Bullish Ichimoku setup
- Bullish Heikin-Ash
- Any retest to 470-480 support zone would be a buying opportunity
Long wheat!!Hello all
Let's take a look at wheat.
Weekly : Price broke LT trendline. Tested it and failed at kumo cloud top twice. This is third attempt and i expect a breakout. Weekly macd is above zero and crossed up.Chikou is above price and price above TK.
Daily: Price broke the triangle. Daily macd is above o and crossed up. Chikou is above price. Price above TK.
I am long and looking for a test of monthly kijun.
Big question is can this be starting of bigger multi year rally in corn and wheat?
Thanks
Wheat Turn Around? Cypher?Wheat RSI has floored. Elliot wave 1-5 complete, and wheat is still trying to sell itself off of a bearish flag. There is an outside chance of this becoming a Shark. More likelihood a Bearish Cypher. If up trend forms, looking at 430'4 and then 444'2. After 452. This could also fall more into extension in which case target numbers may change.
Wheat Still in DowntrendJuly Wheat has made a bullish flag and tried to escape it today. Wheat still in downtrend and market full of wheat right now, so still looking for further downside. Upside target reversal may come at 449 downtrend line if flag doesn't decay. If broken and stable we could see a short term turn around. RSI has come to downtrend line so caution should be taken.