Wheat Futures Spike on Time Cycle1. Weekly wheat futures adhere to Jupiter Helio 23 ¼° cycle.
2. Trend changes at cross of Gann angles and Gann Sq of 9 360°.
3. Price respects angles and incremental 360° levels.
XW1! trade ideas
Limit UP!This is what happens when two of the world's largest wheat producers start fighting each other.
Wheat Futures - /XW - Parabolic Moves on Monthly ChartWheat Futures - /XW - Parabolic moves to the upside recently - Will it hit all-time highs? Will food prices increase to new levels in the grocery store? Are they already higher? 50% target has been hit in last couple months.
20.000 $ profit per contract on wheatswing trade on wheat moved up 400 points (50$ per point)
the original setup was a strong COT buy signal
in order to protect the limit up position i am exiting trades in the morning
and rebuy them after the pullback either at the POC or above a triangle high
similar pattern on corn...
When technicals fail, revert back to fundamentalsWheat has been trending upwards with a channel/megaphone pattern so far. The prices were increasing rapidly and near the channel boundary, it exploded. When it could end up is very questionable but it's not hard to understand the recent price increase is purely based on fear.
Ukraine and Russia contribute to a total of about 26% to the Wheat market, even if we assume they completely vanished, it's only reasonable to guess the price should not go more than 26% from the upper channel boundary. But the markets are not rational, and during conflicting and desperate times it may increase up to 50% to the maximum wheat price recorded ever. I hope this would not happen because what happened later was the global financial crisis, and history could very well be repeated.
If you have access to options, buy some puts on wheat. When markets settle the price will crash spectacularly and you can sit with a lot of cash.
Do not short a parabolic market unless you have a lot of money. Buy puts on the parabolic market because all curves become lines in trades. Every parabolic move is short-lived.
A Ukraine war is bullish for wheatWheat futures are showing a constant higher lows ahead of a bullish catalyst. That catalyst is a war between Russia and the Ukraine. I can get into any questions as to why I believe the current information suggests Russia will invade upon request in the comments.
This is bullish for wheat futures, The Ukraine is the number 5 ranked wheat exporter globally its wheat compromises 8% of global wheat exports. Most of the Ukraine's wheat production is in the east which would be totally cut off during a major conflict. To make matters worse Russia is the number 1 wheat exporter in the world exporting 17.7% of total global wheat exports. In the event of war Russia would likely be cut off from the swift payment system which would stop most of its international transactions causing massive supply chain issues with the wheat market. These factors in combination with the constant lower highs makes for very bullish conditions.
WHEAT - SHORTA big lower high put in. LT Uptrend has changed, a nice pattern being made on the lower time frame. So this all fits the deflation scenario quite well and we are making the trade. SL TBD but probably above the highs yesterday.
Did you weed out Wheat from your Portfolio?I see more of a buying opportunity coming up than a sell, though the latter is also possible.
Again, commodities trading is volatile so prepare your SL and capital management properly.
Trade cautiously.
ZW long due to everything's happening in the world right now, wheat is just as MANY markets is gonna get highly effected by the situation and it has showed that in the chart.
as we can see the price has had a really good volume, although it's rejected but it's only the start of a trend not the end of it or something, but one sure thing is that its effect is absolute and that rejection is gonna get the market to a point where it's gonna do a pullback to get some momentum and then to just get on the rocket.
this is the weekly chart so the profit is gonna be really good but the risk is higher so get a really good entry and hold on to it.
Food shortages entering back into playThe playbook for manoeuvring - actively adding longs
We can start with a quick review of the general plan for the operation I shall be discussing. I imagine all sitting in longs from earlier in the year are ready to exploit greater freedom of movement which we we will posses a tick above August highs. So to seize the point, our attack is a momentum move, like a sailing boat when we get caught in the wind.
Eyeballing a test of first targets at 900 as early as the yearly close. As can be seen from above, it would be quite wrong to describe these moves here as anything but painful for consumers. Depending on the price action at 900 we are flirting to unlock the GFC highs. We are 23% and counting, time to start swinging the bat!
ZW testing demarks yearly R1 pivot pointWheat futures ZW1! ran into strong resistance at Demarks Yearly R1 pivot point.
WHEAT FUTURESWheat every day gives a beautiful and powerful movement and respects the buttresses, the resistance, and the poison rose so rocket as we analysed it, and God willing to make good.
wheat zw futurWill we see new peaks in the wheat index? I think the price will reach a thousand dollars
Wheat Demand Increases / Swing Opportunity (Long)As can be seen on chart, quite a few positive indicators showing promise for the price of wheat during Q1 & Q2-2022.
Targets, support levels, RSI, Ult_MACD, Volume, Date Ranges and rhetoric can be seen on chart.
Good day!
WHEAT FUTURESWheat has moved and achieved the strong goal. It's now moving astonishingly over a really rugged support area.
analysis grafical for ZWZW t's going to know an upward wave.
So the procurement process has to start.
WHEAT FUTURESToday's wheat moves casually and faces a strong resistance zone from which it can bounce back strongly and descend into strong buttresses.
