Wheat mini Futures ( XW1! ), H4 Potential for Bullish MomentumType : Bullish rise
Resistance : 1030'5
Pivot: 901'4
Support : 845'6
Preferred Case: On the H4, with price moving in an ascending trend and trading above the ichimoku indicator, we have a bullish bias that price may rise from the pivot at 901'4 where the 23.6% retracement sits to the 1st resistance at 1030'5 where the 50% fibonacci retracement and overlap support are.
Alternative scenario: Alternatively, price could break pivot structure and drop to the 1st support at 845'6 where the 50% fibonacci retracement and overlap support sits
Fundamentals: No Major News
ZW1! trade ideas
no earth on the horizon Under these conditions wheat prices will continue to rise at least to reach 949.4, assuming that price will go and displace the 1364.6 level is just pure gambling, because with Russian-Ucraine war we could see a violent lowering in prices if Ucraine will result as a winner of the conflict.
i would expect a pump from the zones marked that should be confirmed.
Commodity Wheat idea (05/10/2022)wheat
Completion of wave y of the compound binary wave, and completion of wave b at prices 945 We expect wheat to decline in the coming period after ending the correction pattern as we explained, and we expect a decline as prices are less than the decisive point 945, which is the crucial point. Important, a point for the next period and the beginning of the wave retreat
Wheat Mini Futures ( XW1! ), H4 Potential for Bullish MomentumType: Bullish Momentum
Resistance: 1031'1
Pivot: 938'1
Support: 897'0
Preferred Case: The price is crossing the ichimoku cloud and moving within the ascending channel , we have a bullish bias that the price may rise from the pivot at 938'1, which is in line with the 38.2% fibonacci retracement to the 1st resistance at 1031'1, which is in line with the 50% Fibonacci retracement .
Alternative scenario: If bearish momentum persists, expect price drop to the 1st support at 897'0, where the 23.6% fibonacci retracement is.
Fundamentals: There is no major news.
Wheat Mini Futures ( XW1! ), H4 Potential for Bullish MomentumType: Bullish Momentum
Resistance: 1031'1
Pivot: 938'1
Support: 897'0
Preferred Case: The price is crossing the ichimoku cloud and moving within the ascending channel, we have a bullish bias that the price may rise from the pivot at 938'1, which is in line with the 38.2% fibonacci retracement to the 1st resistance at 1031'1, which is in line with the 50% Fibonacci retracement.
Alternative scenario: If bearish momentum persists, expect price drop to the 1st support at 897'0, where the 23.6% fibonacci retracement is.
Fundamentals: There is no major news.
Wheat Mini Futures ( XW1! ), H4 Potential for Bullish MomentumType : Bullish rise
Resistance : 1017‘4
Pivot: 920’0
Support : 848‘2
Preferred Case: On the H4, with price moving along the ascending trendline and above the ichimoku indicator, we have a bullish bias that price will rise from the pivot at 920’0 to the 1st resistance at 1017‘4 where the 50% fibonacci retracement is.
Alternative scenario: Alternatively, price could break pivot structure and drop to the 1st support at 848‘2 where the overlap support is and 38.2% fibonacci retracement is.
Fundamentals: No Major News
Wheat Mini Futures ( XW1! ), H4 Potential for Bullish MomentumType : Bullish rise
Resistance : 1017‘4
Pivot: 920’0
Support : 848‘2
Preferred Case: On the H4, with price moving along the ascending trendline and above the ichimoku indicator, we have a bullish bias that price will rise from the pivot at 920’0 to the 1st resistance at 1017‘4 where the 50% fibonacci retracement is.
Alternative scenario: Alternatively, price could break pivot structure and drop to the 1st support at 848‘2 where the overlap support is and 38.2% fibonacci retracement is.
Fundamentals: No Major News
Wheat Breaking OutWheat has been grinding higher since the August lows, and today we saw a breakout above trendline resistance, testing the 200-day moving average. Russia announced plans to annex about 15% of Ukraine, which sent fears into the market regarding their potential wheat exports, and the market was close to limit up. The bulls look to maintain price action above the 200-day moving average, and from there the next level of resistance comes near 950. A failure at these levels could send us back down to support at the trendline, and then the 50-day moving average near 820.
Wheat Mini Futures (XW1!), H4 Potential for Bullish RiseType : Bullish rise
Resistance : 1016'7
Pivot: 915'5
Support : 818'0
Preferred Case: On the H4, with price moving along the ascending channel and above the ichimoku indicator, we have a bullish bias that price will rise from the pivot at 915'5, which is in line with the 161.8% fibonacci extension and 50% fibonacci retracement to the 1st resistance at 1016'7 where the 50% and 78.6% fibonacci retracement .
Alternative scenario: Alternatively, price could break pivot structure and drop to the 1st support at 818'0 where the overlap support and 50% fibonacci retracement are.
Fundamentals: No Major News
Wheat Mini Futures (XW1!), H4 Potential for Bullish RiseType : Bullish rise
Resistance : 1016'7
Pivot: 915'5
Support : 818'0
Preferred Case: On the H4, with price moving along the ascending channel and above the ichimoku indicator, we have a bullish bias that price will rise from the pivot at 915'5, which is in line with the 161.8% fibonacci extension and 50% fibonacci retracement to the 1st resistance at 1016'7 where the 50% and 78.6% fibonacci retracement.
Alternative scenario: Alternatively, price could break pivot structure and drop to the 1st support at 818'0 where the overlap support and 50% fibonacci retracement are.
Fundamentals: No Major News
WHEAT Bearish Setup! Sell!
Hello,Traders!
WHEAT was trading in an uptrend
In a rising channel but after the retest
Of the horizontal resistance
We are seeing a bearish breakout
So after the rebound and retest
Of the broken structure
The price will go down
Sell!
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wheat idea (19/09/2022)wheat
The completion of the wave (C) of the flat irregular wave, and we expect wheat to drop in the coming period after ending the correction pattern as we explained, and we expect the waves to end at a price of 885.00, which is the decisive point for the coming period and the beginning of the decline in the wave