ZW1! trade ideas
New Trending Range in the ZW A new trending Range is created since the 11th. it seems that the market was trying to go back and break up the first Support Leve (S1) with a huge accelaration at 15H30. At the end of the day the market gives indications of sales to reach the level S1 or S2. while remaining alert to a possible break in Point Pivot at 504.
ZW1! DAILY SHORT TRADE PLAN IDEAZW1! SHORT DAILY
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Analysis:
Big time frame
-Weekly has the Price Action confirm for down trend. Pls refer the image below
Trading time frame
-Daily has big bear bar breakouts the small flag pattern and reject tenkan & kijun, confirm trend will down
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Action:
-Wait: Price Action
breakouts the daily support will open SHORT TRADE
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analysis of te chart of the wheatdo not purchase until we broke the rectangle
contact for informations
ZW to SELLChart patterns and other technical analyses indicates that we have a big probability that ZW will fall.
It's Friday, just take profit from yesterday signalThe market did exactly what we expected yesterday, as we see the strong down trend resistence push it to DOWN. Just take profits, have a good week end ! See you on Monday !
Wheat Futures have broken out the top of an ascending triangleI expect a retest of the breakout level then bounce, or I just proceed up to the target
ZW Down ?In my opinion, and due to my technical analysis I see an upcoming strong sell from this point
Separating the Wheat from the...Corn?We like being long $ZW_F vs. short $ZC_F as both a short-term trade and and longer-term play. Corn has experienced a resurgence thanks to the huge rally in $CL_F prices while wheat have found rock-solid support at $490 per bushel and reclaimed an uptrend line going back to last March. Ratio should be 3:2 in favor of corn contracts.
