WHEAT - D - LONGDear traders,
Here is a new LONG signal on WHEAT :
Entry : 4.44
SL : 4.2525
TP1 : 4.5833
TP2 : 4.7764
TP3 : 4.9730
After it's bonus trade.
Reasons for this long : Several reversal pattern, and lots of bear/bull fight around 4.2/4.4. It means we will see at least a pullback to some fibs at some point. When and how much is the guess!
Trade with your own diligence,
GL HF
Wheat
Wheat Short Position on H1 ChartsI am entering into short positon on H1 chart in wheat once again. The market seems saturated at this time with lots of supply from the producers as the autumn season is at its best. Risk/Reward at 1. This is a shorter time frame trade. Expecting to be closed in few days.
WHEAT, in retraction to zone 446
WHEAT, in retraction to zone 446
which should provide good support and make it bounce
continuing the medium to long-term trend
XiNiaN 4 - Trading System - V. 2.9.1 - Medium / Long Term Period - (Time Frame: 1 H)
WHEAT ZWZ17 - Dec '17
LONG since20.09.2017 from 446.66
Flat Under 446.07
SHORT Below 436.53
Stop SHORT if daily close > 434.62
WHEAT ZWZ17 - Dec '17
CROC X1 - Supports / Resistors - Multiday (TF - 1H)
R3 = 475.2
R2 = 474.40
R1 = 473.00
PIVOT = 460.50
S1 = 448.00
CROC X3 - Last Signal (Long Term - TF 1D)
LONG from 445.00
since 18/09/2017
WHEAT, improving ..WHEAT, improving ..
ADX / DMI multiday is flat and there are good chances that
start long in the next sessions
A closing time over 448 and a daily closing above 450 is fundamental.
The medium-long period will start long with a closing time above 451.48
XiNiaN 4 - Trading System - V. 2.9.1 - Medium / Long Term Period - (Time Frame: 1 H)
WHEAT ZWZ17 - Dec '17
SHORT since 24.07.2017 from 521.55
Flat Over 441.78
LONG Above 451.48
Stop LONG if daily close <453.41
the long-time period will start long with a weekly closing over the 445
WHEAT ZWZ17 - Dec '17
CROC X1 - Supports / Resistances - Multiday (TF - 1H)
R3 = 474.4
R2 = 473.00
R1 = 448.00
CROC X3 - Last Signal (Long Term - TF 1D)
FLAT from 445.00
since 13/09/2017
Wheat: Let the fun beginSecond correctional wave seem to be completed. Hope you bought the dip :)
Now, we should see third wave advance out from bottom. That can be fun.
Look at chart for expected price path.
Dec wheat is looking cheapWhen we look out a year and a bit Wheat is looking to be at a big premium to this Dec wheat, so at this extreme will add in a long dec/dec calendar tot eh already short put position.
Please hit me up if anyone has any questions when looking to try one of these low cost spread trades.
WHEAT, weakness comingWHEAT, weakness coming
The CM_ Laguerre indicator says it should go down
in the next few hours. So it's possible to start an entry short entry with
first target at 426.03
WHEAT - ADX / ADM - TS V. 2.8.4 - Intraday Levels for 28/08/2017
ADM - Average Daily Movement - Intraday Levels
Entry on close 1H (hourly candle) ... if exceeded the indicated level
On the ZWZ17 Contract - Dec '17
LONG if> 438.87
TP1 = 444.37
TP2 = 450.49
TP3 = 462.72
Stop Loss = 431.53
SHORT if <431.53
TP1 = 426.03
TP2 = 419.91
TP3 = 407.68
Stop Loss = 438.87
WHEAT, weakness comingWHEAT, weakness coming
The CM_ Laguerre indicator says it should go down
in the next few hours. So it's possible to start an entry short entry with
first target at 426.03
WHEAT - ADX / ADM - TS V. 2.8.4 - Intraday Levels for 28/08/2017
ADM - Average Daily Movement - Intraday Levels
Entry on close 1H (hourly candle) ... if exceeded the indicated level
On the ZWZ17 Contract - Dec '17
LONG if> 438.87
TP1 = 444.37
TP2 = 450.49
TP3 = 462.72
Stop Loss = 431.53
SHORT if <431.53
TP1 = 426.03
TP2 = 419.91
TP3 = 407.68
Stop Loss = 438.87
Wheat - possible new trendLast break above downtrend line gives hope for a change of sentiment. Right now the price is closing correction. It is also possible move a litte bit lower, around 4.00.
Suggests a split positions and follow the WASDE report today which will give us an answer what's next.
Wheat flat to upI have a big picture tool I use that has been very good to me and it is now indicating shorting puts in wheat will be a good spot to take advantage of a sideways or climbing wheat prices. I will trade the 31 DTE options and will move down to the 30 delta strike put to give it a bit of wiggle room. Not a big trade but not much buying power is used either
Wheat forecastIs this too easy to predict using a charting principles
or will wheat follow and break out later in the year?
Wait and see.
WHEAT - The start of a new bull marketI would like to show a longer term view in wheat on the weekly chart.
These kind of setups are rare opportunities. I think in 2016 November we printed the bottom of the multi year bear market.
The previous bull market peaked in 2012 summer. After that date wheat started a multi year decline.
I highlighted by red boxes the yearly cycles. In wheat the yearly cycles are 49-66 weeks long.
In a bear market we are printing lower yearly cycle lows and lower yearly cycles highs. If you check this weekly chart it's obvious we had a clear bear market in the last 5 years. But...
There was a change a few weeks ago. The actual yearly cycle peaked higher (5.55) at the beginning of July than the previous yearly cycle high in 2016 June (5.22)... That's a very important character change. This is how the bear market ends and the bull market starts...
Based on this my previous call is possible a bit early... The perfect entry will be most probably next week. The weekly RSI should get more oversold .
If I'm right price will not get below 3.67$ in the following few years...
I still see there is a possibility price is breaking below marginally 3,9$. But as we are printing a yearly cycle low in the following weeks I want to be in a starting position as a rally out of this low will be V-shaped .
WHEAT - New kid on the blockI've been watching wheat since its big pop in June. I will release a detailed report on the weekend. It seems to me the multi year bear market in wheat is over.
The last 2 months' decline after the big June bounce is not abnormal. We have seen similar things in other vehicles.
The reason I enter today is the Bollinger Band crash signal. I highlighted by green the previous BB crashes : they always ended up in bounces.
Yesterday we had a BB crash and today we started the bounce. As we are bouncing from a multi- month support zone this can turn out to be a bottom...
There is still a possibility we tag the 3.9$ zone ( previous DCL) so I'm not going into full position.
Have some dry powder if it continues to fall a bit more.
WHEAT, weakness comingWHEAT, weakness coming
The Laguerre indicator is ready to discharge, this
could start a short entry in the evening with the target
in area 449
WHEAT - ADX / ADM - TS V 2.8.4 - Intraday Levels for 10/08/2017
ADM - Average Daily Movement - Intraday Levels
Entry on close 1H (hourly candle) ... if exceeded the indicated level
ON the ZWU17 Contract - Sep '17
LONG if> 464.73
TP1 = 470.28
TP2 = 476.44
TP3 = 488.77
Stop Loss = 454.07
SHORT if <454,07
TP1 = 448.52
TP2 = 442.36
TP3 = 430.03
Stop Loss = 464.73
WHEAT, target doneWHEAT, target done
Take profit, the laguerre indicator is beautiful red
and calls downhill. Probably goes down to testing the pivot in zone 463
WHEAT ZWU17 - Sep '17
CROC X1 - Supports / Resistances - Multiday (TF - 1H)
R3 = 481.6
R2 = 480.80
R1 = 468.60
PIVOT = 463.00
S1 = 457.40
S2 = 454.20
S3 = 449.00
CROC X3 - Last Signal (Long Term - TF 1D)
SHORT from 470,40
Since 08/01/17
Wheat: Bottom of the pullback spottedI think there's a significant probability that the bottom of the recent correction in Wheat is in. I'm holding longs and now added my final entry a tad lower than this. I expect a rally back over the recent highs very soon. The crops this year suffered due to a significant drought in the regions where wheat is produced in the US. I think it is likely that this situation continues, and we get a strong rally from here onwards. Shout out to Tim West, who correctly diagnosed this situation with prescience in the KHL chatroom.
Promising trade here, potentially similar in scale to the rally that took place in 1988.
Best of luck,
Ivan Labrie.
WHEAT possible entry long to start in the upcoming hourly closinWHEAT possible entry long to start in the upcoming hourly closing times
WHEAT - ADX / ADM - TS V. 2.8.4 - Intraday Levels on 07/08/17
ADM - Average Daily Movement - Intraday Levels
Entry on close 1H (hourly candle) ... if exceeded the indicated level
ON the ZWU17 Contract - Sep '17
LONG if> 460,34
TP1 = 466.31
TP2 = 472.94
TP3 = 486.21
Stop Loss = 448.86
SHORT if <448.86
TP1 = 442.89
TP2 = 436.26
TP3 = 422.99
Stop Loss = 460.34
WHEAT, Short to the test of the support at 457.40WHEAT, Short to the test of the support at 457.40
WHEAT ZWU17 - Sep '17
SHORT since 25.07.2017 from 492.85
Flat Over 491.84
LONG Above 512,00
Stop LONG that close daily <516.03
WHEAT ZWU17 - Sep '17
CROC X1 - Supports / Resistors - Multiday (TF - 1H)
R3 = 481.6
R2 = 480.80
R1 = 468.60
PIVOT = 463.00
S1 = 457.40
S2 = 454.20
S3 = 449.00
CROC X3 - Last Signal (Long Term - TF 1D)
SHORT of 470,40
since 01/08/2017
