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ZW1! trade ideas

Sell Dec. wheat at 5.45 stopsell Dec. wheat at 5.45 stop **Trading commodity futures and options involves substantial risk of loss. The recommendations contained in this letter is of opinion only and does not guarantee any profits. These are risky markets and only risk capital should be used. Past performance is not indicative of future results** hypothetical performance results have many inherent limitations, some of which are described below. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown. in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. one of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. in addition, hypothetical trading does no involve fina ncial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. there are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results.
CBOT:ZWZ2023Short
by Cannon-Trading
hour ZWZ short below 570 SQ9Day view, hour frame. Shorting below 570 SQ9 level, only after market open at 15h30 UTC+1 and if below 570 is confirmed. Reasons: - on a very wide view, d ZW1 Elliott master trend counting seems to be askng for new lows back to today ZWZ hour frame: - we are below Pivot level 579.50 - Yellow asc 1/1 as bull support brokne at friay open, confirmed so far with overnigth session - Yellow desc 1/1 could be reached today after open at conjunction of other Gann line crosses and SQ9 level of 563.25 which is today conservative short target. end session ends this proposed idea.
CBOT:ZWZ2023Short
by P314159
Wheat: Harvest time is coming soon! 🌾🚜The price of wheat is currently moving very much in line with our expectations and will soon reach our turquoise target zone between USX 560.60 and 531.10, where the low of the magenta wave (b) is expected. Then we should finally see a reversal and a broad-based rise to USX 807.25. Should the price fall below this zone, we would not change our scenario significantly, but would only expect a move further towards the magenta target zone.
CBOT:ZW1!Long
by MarketIntel
1
Wheat Support And Resistance With Anchored VWAPIf I look at a bigger picture chart with a renko brick size of 20 on a daily chart on ZW1! I am noticing we are at a key level of interest. We are at an area of potential support and if I use an anchored vwap starting as far as I can go back, we are sitting right on the volume weighted average price. Either we rally from here or we really breakdown to test those lower supports. Either way there is something here and I would wait for some sort of confirmation before jumping in.
CBOT:ZW1!
by FlippaTheShippa
The Unveiled Power of WheatIntroduction Ever wondered about the captivating world of commodities? Today we’ll dive into a staple that sustains billions: Wheat. Wheat has an undeniable influence on global market trends, not just for its widespread consumption but also as an important trading commodity. The prevalence of wheat, in fact, dates back to over 10,000 years when it was first domesticated in the Near East’s Fertile Crescent, making it one of the world's oldest food crops. Whether you’re an investment novice or a seasoned trader, this Q&A article serves as your comprehensive guide. Why is Wheat Important Q: What makes wheat such a significant commodity? A: Wheat is more than just flour and bread; it’s a cornerstone of global food security. It serves as a primary source of nutrition for a large portion of the global population, thus making its price and supply crucial factors affecting economies worldwide. Market Dominance Q: Who holds the reins in the wheat market? A: Countries like Russia, the U.S., Canada, France, and Ukraine are dominant players, controlling the supply chain and thus significantly impacting global prices. The geopolitical interplay among these giants can influence wheat prices, leading to ripple effects in the global economy. Inflation: Cause and Effect Q: How does wheat contribute to inflation? A: Rising wheat prices can lead to increased food prices, contributing to overall inflation. When inflation is high, the purchasing power of money diminishes, affecting consumer behavior and market dynamics. Commodity vs. Equity: A Tug-of-War Q: What’s the relationship between commodities like wheat and equity markets? A: The relationship between commodities such as wheat and equity markets is multifaceted and complex. In essence, when the commodities market, exemplified here by wheat, experiences an upswing, it can often lead to a relative underperformance or stagnation in equity markets. This phenomenon is primarily due to capital reallocation from equities to commodities as investors and traders seek more promising returns. Such trends can particularly be observed in periods of geopolitical crisis, such as the Russian-Ukraine war, where commodity prices might soar due to supply disruptions. While the bullish commodities market flourishes amidst such circumstances, equity markets may face headwinds. These movements between the markets reveal the intricate interplay between commodities and equities, shaping the dynamics of global finance as a whole. The Technical Analysis: What’s Coming Next? Q: What do independent charts tell us about wheat’s future? A: Based on Fibonacci retracement levels, wheat prices corrected to around $570 (88.2% Fib level) and will probably make a counter-move this year towards the upward 50% Fib level at $967 or even the 61.8% Fib level at $1060. Following this, we could see the price fall below its current position by 2024, aligning with similar patterns observed in oil and sugar. For the sake of clarity, trend directions in the chart are drawn in larger time values. ChartScope Summary and Outlook • Importance: Wheat serves as a fundamental commodity in global food security. • Market Dominance: Major players like Russia and the U.S. significantly influence wheat prices. • Inflation Impact: Rising wheat costs contribute to inflation, affecting consumer behavior and financial markets. • Commodity vs. Equity: In a bullish wheat market, equities often suffer due to capital reallocation and vice versa. • Technical Analysis: A potential bullish counter-move could occur in the coming months, followed by a longer-term downtrend. As we navigate through tumultuous financial waters, keeping an eye on wheat and similar commodities is more crucial than ever. So, as you refine your investment strategies, don’t overlook the grain that has fed civilizations for millennia.
CBOT:ZW1!Long
by ChartScope
Are Wheat Futures Nearing a Bottom? Wheat futures are higher in today's trade but have been under an enormous amount of pressure since marking a double top back on July 25th. In those following 25 trading sessions wheat fell as much as $1.78 with very few attempts at a relief rally in-between. Despite the persistent selling pressure, the RSI (relative strength index) never dipped below 30 on the daily chart, which is the line in the sand that most technicians use when referencing “oversold”. During that time we’ve seen the Managed Money (Funds) net short position grow from 40,332 futures and options contracts to 70,921 futures and options contracts (as of 8.22.23). It appears that seasonality has outweighed concerns over global production and potential logistical issues. This years price action aligns pretty closely with what we’ve seen on the 10, 15, and 20 year average price charts. Those seasonal averages suggest that a seasonal low wouldn’t come into play until the first week of September. Looking at a more recent 5-year seasonal average price chart, we see that the wheat market has been fishing for a bottom and consolidating a week or two earlier. What does it all mean? I’ve always been a big believer that the bottom is a process and not necessarily a point. With that in mind, that process could be in the process of beginning. A close back above previous support from 608-612 could confirm that bias and encourage further buying via (Fund) short covering or “bargain buyers”. The next upside objective above that pocket would be 641-646. Check out CME Group real-time data plans available on TradingView here: www.tradingview.com Disclaimers *Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services. Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
CBOT:ZWZ2023Long
by OliverSloup_BlueLine
ZW- Wheat Futures Reverse to Upside LONGZW is shown as the December 2023 contracts on the 2H chart have reversed in the past two days and price has increased over 2% in that interval. The indicators show a flip in the volatility and a blue bar volume spike in the reversal. Price is presently about 15% below the double tops and pivot highs of June and July. Price is presently crossing over the mean VWAP anchored 7-8 trading days ago and so demonstrating the bullish momentum of the past couple of days. I see this as an excellent long trade setup especially suitable to using leverage in the trade and expect the uptrend to potentially capture a 7-8% gain in the retracement of the downtrend then amplified by the leverage applied.
CBOT:ZWZ2023Long
by AwesomeAvani