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Wheat (WHT) / US DollarWheat (WHT) / US DollarWheat (WHT) / US Dollar

Wheat (WHT) / US Dollar

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WHTUSD trade ideas

WHEAT: Rising probability of climate anomalies fully priced in? Wheat's bull run since mid March has been driven by weather concerns as a La Nina looks increasingly probable, even as fundamentals of ample supply remain bearish. Listening to commentators on the ground who don't see what the fuss is about with plentiful supply, it does occur whether they're thinking enough in terms of potential climate anomalies. This could be for political reasons, or just the trance of business as usual, and a trader can glean a possible gap to be bridged. In this case, to climate scientists reportedly dispairing because they understand what's coming up. The bigger picture trade with commodities like wheat may be expect the unexpected. On a TA basis, the bull run has jumped on the new week's bell, but right into the weekly 200MA in white. If the price still does not match the concern for not just La Nina but global heating anomalies, the next stop may be the .618 fib in the purple box. That was also the case last year in the active season. Also to watch for is a weekly golden cross as the 50MA moves up over the 200MA. On a fundamentals basis however, it's worth listening to analysts in the market who expect at some point a 'snap back' to match bearish supply levels on the ground. Chance then for a scalp down but also more caution needed if going long for the .618 on the weekly. Not financial advice and you trade at your own risk.
FOREXCOM:WHEAT
by R0llins_
WHEATF | Wheat Poised for a Rebound!👋 Good day, traders! 📈 After a two-month decline on the D1 chart, WHEATF has found support at the 540 level. Given its month-long accumulation phase and the completion of its downtrend, a breakout above the 587.75 resistance level could signal a rally towards target levels of 615.00, 660.00, 695.00, and 732.00. Consider buying entries around the 595.00-600.00 range, targeting potential profits of 3.3% to 23.0%, with a SL set at ~565.00. ✅ Give a 👍 if you're keen on more insightful and profitable trading ideas❗️ ❓ I'd love to hear your thoughts. What's your take on this? DISCLAIMER: This idea is purely informational and educational. It's not a trading recommendation. Each trader should analyze and make decisions based on this information independently.
FX:WHEATFLong
by Maxim_Lushnikov
Wheat Future - ShortDespite the news from Ukraine about missile strikes on the grain export ports. We have to take into consideration the top 5 exporters of wheat in the world. 1. Russia 2. United States 3. Australia 4. Canada 5. Ukraine This indicates that there is still competition for the top exporters. It will be in Russia's best interest to sell as much wheat at the lowest price to other countries. This would allow a bigger control of the market, despite "ethically" sourcing. Worth noting that just went through a double top scenario and in a "testing" phase. A price drop is expected. Lastly, for what it's worth, harvesting season is about to start in September, sending more grain to the market, while further driving the price down.
FX:WHEATFShort
by egah59222c
2
WHEAT BULLISH SCENARIONKyiv's goal is to establish direct access for international ships to their Ukrainian seaports for loading grain. However, Russia has reacted strongly to this development, stating that ships heading to Ukrainian seaports may be treated as potential military targets. The consequences of these actions by Russia have not only affected Ukraine but have also raised concerns globally. The United Nations has warned of a potential food crisis in the world's poorest countries due to Russia's decision to abandon the grain deal, which was brokered by the U.N. and Turkey. Ukrainian officials claim that since Russia's departure from the grain deal, they have targeted 26 port facilities, five civilian vessels, and approximately 180,000 tonnes of grain in a series of strikes over nine days. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
FX:WHEATFLong
by legacyFXofficial
1