Get started
Wheat FuturesWW

Wheat Futures

561'2USX / BUAD
−1'2−0.22%
As of today at 09:03 GMT
USX / BUA
No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Forward curve Seasonals Contracts Options

ZW1! trade ideas

Wheat - First Pump, then DumpIn wheat today, there was an impulsive increase of approximately 4%. However, indications suggest that this surge may lack sustainability. When considering the price in relation to standard deviations, two noteworthy observations emerge: a zone of high liquidity aligns almost precisely with the range of a double standard deviation. Nevertheless, a substantial amount of sell-side liquidity awaits below, ready to be tapped. For these reasons, we hold a mid-term bearish outlook on wheat. The outlined trading idea is presented as a suggestion for a specific trade opportunity, featuring a risk-reward ratio exceeding 2.6:1.
CBOT:ZW1!Short
by Ochlokrat
WHEAT Struggling on the 1D MA200. Long-term sell opportunity.Wheat (ZW1!) has been trading within a Channel Down pattern since July 2022 and since early December has failed repeatedly to detach itself above the 1D MA200 (orange trend-line). Since it is closer to the top (Lower Highs trend-line) of the pattern and it resembles the February 14 High, we expect a strong selling sequence if the price breaks below the 1D MA50 (blue trend-line). The previous Lower Low was priced on the 1.786 Fibonacci extension from the Lower High. That gives us a projected target of 413'0. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CShort
by TradingShot
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.
C
by FlippaTheShippa
Two indications supporting long tradeOn the daily, the 20MA is about to cross up over the 100. This after bouncing off the .618 Fib as support. While commentary is mostly still at least slightly bearish on Wheat, or at least not bullish, due to ample supply, there are several obvious factors going forward that make continued record production uncertain. Furthermore, the real cost of producing wheat, such as loss of biodiversity, soil degradation and wheat's role as livestock feed and which will have to be accounted for one way or the other, makes this current price unrealistic.
CLong
by R0llins_
2
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.
CShort
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.
CShort
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.
CLong
by MarketIntel
1