XW1! trade ideas
what next the brack of the trend ligne and the resistantafter the brack we'r observing that the marcket start makeing up a flat patern
if the price brack the orange trend and respecting the white trend we start looking for a position to buy
and if the opposite we start looking for sale
Wheat commodity USA Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
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By Sun Storm Investment Research & NexGen Wealth Management Service
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Pull Back FishingPossible rectangle forming.
Neutral until a trendline is broken.
2 touches to bottom trendline so far with a few other candle tails coming close to a touch.
The 20, 50, 100 and 200 moving averages need some work as well as the shorter term moving averages in the Alligator.
Moving averages can look bad until they do not.
No recommendation
Wheat Developing Triple Zigzag with Bearish SeasonalityWheat's wave count doesn't look exactly textbook, but after having counted the subwaves, I'm convinced that wheat is developing a triple zigzag. The first zigzag is disproportionately large compared to the second zigzag, but this sometimes happens in a double or triple zigzag when the first zigzag has a significant retracement.
I'm not sure how long it will take for the third zigzag to complete or how far it will retrace, but wheat has bearish seasonality until September 13, so I have drawn the down arrow until this date because it is my best guess. After more subwaves develop, I should have a more accurate estimate.
WHEAT Risky Long! Buy!
Hello,Traders!
WHEAT is again about to retest
A strong horizontal support
So I will be expecting a local move up
Towards the target above
Buy!
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Socrates on Wheat "Nobody is qualified to become a statesman who is entirely ignorant of the problem of wheat." - Socrates
And what a problem this can turn out to be! Wheat and other agriculture commodities have been hammered lately, leading many talking heads to say "Inflation has peaked". For the short term, they are probably right. However, what they are not considering is wheat had a 10+year basing formation which it broke out of and likely has started a multi year bull market. This little correction we've had looks like it's close to being done. Like Natural Gas, Agricultural commodities may start taking off again very soon.
We are at support with Weekly hidden bull divergences. It's possible this goes slightly lower, but collecting here slowly is for me, an ideal area to buy.
If the long term chart of Wheat is a cup and handle, we could see a tripling of prices over the next few years.
For those who don't trade futures, General ag commodities ETF is DBA, Wheat ETF is WEAT. The charts are very similar.
Wheat Commodity USA Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
Focus: Worldwide
By Sun Storm Investment Research & NexGen Wealth Management Service
A Profit & Solutions Strategy & Research
Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures |
USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India
Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision.
#debadipb #profitsolutions
ZW / WHEAT FUTURESAbout FUNDAMENTAL ANALYSIS .
---We are now in the corn-demand zone and there are many factors supporting the buying.
1-The Ukrainian war.
2- - dehydration.
3-The rise in the price of oil will lead to a rise in the price of transportation.
About TECHNICAL ANALYSIS
--- we look at (" Sell VOLUME ") and ("Sell pressure") is in decreasing , Volume drives all markets.
About Psycho-
--- The short sellers start to take their money from wheat market because of a psycho- demand zone.
a subtle reminderan interesting long strategy emerges in the wheat market, as we reenter main channels from pre-pump...
wheat futures overlaid with timeframe cycles corresponding to the the us intending on increasing its wheat stocks- harvested spring mid summer- (no more domestic supply available until next year)
waiting for micro moves and price to stabilize before entering
ECONOMICS:USGSW
CBOE:WIV
gme to the moon
thanks for your time
Is Wheat Making a Bottom?Wheat
Technicals (September): September wheat futures are on the verge of getting out above the upper end of our pivot pocket, 815. If the Bulls can achieve a close above here, we could see the market make an attempt at last week’s highs, 834-843 ½.
Bias: Neutral/Bullish
Previous Session Bias: Neutral/Bullish
Resistance: 834-843 ½***, 898 ½-903****, 960-970***
Pivot: 800-815
Support: 754-765 ¾**, 739-749***
Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
WHEAT FUTURESVery low and beautiful, and there's the prospect of continuing his wonderful relegation to the lowest points.
Wheat Futures Rally Wheat
Commitments of Traders Update: Friday’s CoT report showed Managed Money were net sellers of 372 futures/options contracts through July 19th. This expands their net short position to 6,816 contracts. Broken down that is 61,465 longs VS 68,281 shorts.
Fundamentals: As with the corn market, wheat futures are rallying this morning on concern that the deal to open up Ukrainian ports will not stand. This after Russia and Ukraine inked a deal on Friday. By Saturday morning, there were two missile strikes in Odessa.
Technicals: September wheat futures were down another 17 ¾ cents last week, taking prices to their lowest level since the first week of February. Wheat futures are higher this morning, a silver lining for the Bulls, but they have their work cut out for them following the last several months of intense pressure. The first hurdle is to achieve a close out above the psychologically significant $8.00 handle.
Bias: Neutral/Bullish
Previous Session Bias: Neutral/Bullish
Resistance: 839-849**, 898 ½-903****, 960-970***
Pivot: 800-815
Support: 765 ¾**, 739-749***
Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
✅WHEAT SWING SHORT🔥
✅WHEAT was trading in an uptrend
But after the retest of the horizontal resistance
On the daily time-frame
The wheat broke the rising support
And after the pullback bearish continuation is likely
SHORT🔥
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WHEAT Swing Long! Buy!
Hello,Traders!
WHEAT is trading in a downtrend
But the price is about to retest
The massive horizontal support level
From where after the proper retest
At least a local move up
Is to be expected
Buy!
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See other ideas below too!
wheatPrecipitation in the EU and the USA and the possible unblocking of Ukrainian ports increase the pressure on wheat prices
Against the background of technical purchases, wheat futures on world exchanges rose yesterday:
by 0.9% or $2.66/t to $301.1/t – September futures for soft winter SRW wheat in Chicago,
by 0.1% or $0.46/t to $319.9/t – September HRW hard winter wheat futures in Kansas City,
by 0.9% or €3/t to €340/t or $347.4/t – September wheat futures on Paris Euronext.
At the same time, September futures for HRS durum wheat in Minneapolis fell by 0.5% or $1.93/t to $339.6/t, and August futures for Black Sea wheat in Chicago remained at 360.25 $/ton
During the first 10 days of the new season, the EU exported 363,944 thousand tons of wheat, which is 24% more than the same figure last year.
Today, the markets are waiting for the results of the negotiations on unblocking the ports of Ukraine and accurate data on the auctions in Egypt. However, one should not expect a sharp drop in prices from the decision to resume exports from Ukraine, since realistically supplies will not resume before September, and the daily shelling of Mykolaiv will not allow port terminals to work, especially those owned by foreign companies.
XW1! (BUY)We have a revival of the RSI. We will have an uptrend for a few days. We expect a breakthrough of the moving average 20.
Wheat Futures Conoslidate
Wheat
Fundamentals: This morning’s weekly export sales report showed net sales of 511,100 metric tons (MT) for 2022/2023 were down 50 percent from the previous week and 10 percent from the prior 4-week average.
Technicals: Wheat futures are holding their own this morning, relative to the pressure we are seeing in corn and beans. We mentioned in recent Tech Talks that this could be the case. Corn and wheat have retraced a large portion of their higher move from the beginning of the year, which may help prices enter into more of a consolidation phase, near term.
Bias: Neutral
Previous Session Bias: Neutral
Resistance: 839-849**, 898 ½-903****, 960-970***
Pivot: 800-815
Support: 739-749***
Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
WHEAT FUTURESVery strong landing, breaking the pre-defined support area, continuing its strong descent and achieving strong points, knowing that wheat will continue to fall sharply if 745.50 breaks
Wheat futures linger near the low end of the rangeWheat
Fundamentals: Yesterday’s weekly export inspections report came in at 185,989 metric tons, well below the 532,898 we saw in the same week last year. The weekly Crop Progress report showed good/excellent ratings for spring wheat at 71%. 68% of the crop is headed. Winter wheat harvest is 70% complete.
Technicals (September): Wheat futures continue to consolidate near previous resistance levels and the psychologically significant $8.00 handle. If the Bulls fail to defend our pivot pocket, we could see the selling pressure pick back up. A close out above 815 would feel would have the opposite effect.
Bias: Neutral
Previous Session Bias: Neutral
Resistance: 839-849**, 898 ½-903****, 960-970***
Pivot: 800-815
Support: 739-749***
Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
