View on Wheat (12/4)General bias - bearish
Waiting to trade the break out for a confirmation of a downmove.
ep, tp , sl as per chart.
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XW1! trade ideas
CME CBOT:ZW Wheat Futures prices forecast, Buy, Target 951Chicago SRW Wheat Futures (CME CBOT: ZW)
Trade : Buy
Entry : 602
Target : 951 (349, +57.97%)
Stop : 557 (-45, -7.48%)
Posted on Saturday, December 12, 2020
Note : As I said before, we need to pay attention to grain prices. It seems that the wheat futures prices are ready for a big move. Wheat futures are on the upward trend. It's time to buy wheat. The next targets could be 685 and 951. The support could be 555. If wheat prices secure 950 level and the market is strong, the price of wheat would soar much higher than people can imagine. In the future, the suffering of the poor from rising grain prices will become even more serious. I hope everyone on earth live well together.
Buy Signal: 601'6Signal comes from our model-
Geometric Markov Model : In probability theory, a Markov model is a stochastic model used to predict randomly changing systems. Markov Models are used in all aspects of life from Google search to daily weather forecast. The randomly changing systems we focus on are the equity, futures, and forex markets. The geometric element of the model is the fractal wave structure you can find on any chart you look at across any market and across all time dimensions.
Our model focuses on the current wave formation (current state)- geometric price formation along with its volume and volatility over a given time period and using that information to predict the future state- future price movement.
GRAIN SPREADS; Kansas Wheat - CBOT W - 2x Corn; Weekly long termCBOT:KE1! CBOT:ZW1! CBOT:ZC1! CBOT:ZS1!
KE (Kansas City) Wheat - CBOT (World) Wheat
These tend to be extremely reliable signals, indicating long term trends / changes, as Wheat itself has a relatively long (~7 year) cycle. (Wheat growing regions spreading from (north) pole to (south) pole.)
Wheat prices to rise!I bought some contracts last week, which already turned out pretty well. With the help of the great monetary policy, wheat prices will probably explode up somewhere in the future, and this seems like the right time to enter long positions, even though it's a little early, based on my fundamental expectations. It could be years before we see that real rise in prices. So I will probably be looking to raise my stop to b/e as soon as possible.
Soybean & Wheat Forecast // Pronóstico para Soya y Trigo**No Advertising nor financial advisor**
Soybean and Wheat Forecast using Elliott Wave Theory.
Potential 4:1 riskReward until 21st of december.
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Trigo y Soya pronosticados gracias a la teoría de Olas de Elliott.
Potencial de 4 a 1 en Riesgo/Ganancia hasta antes del 21 de diciembre 2020